Press release: Comptroller Nieshalla Supports Israeli Investment

The following was sent to the Bloomingtonian:

FOR IMMEDIATE RELEASE
May 1, 2024

Comptroller Nieshalla Supports Israeli Investment

STATEHOUSE – Indiana State Comptroller Elise Nieshalla supports Indiana’s additional $5 million investment in Israeli Bonds, as announced today by State Treasurer Daniel Elliott.

“What a privilege to represent a state that is offering further investment to Israel that aligns with our fiduciary duty to deliver solid yield, low risk and high liquidity with state dollars,” commented Comptroller Nieshalla. “As an American, seeing what is happening to Israel and the Jewish people is devastating and there is a strong sense of duty to stand with our friends. As a Hoosier, I value the opportunity for our state to partner with a country that has offered us decades of innovation and security support.”

Comptroller Nieshalla manages the distribution of tax dollars to units of government and it is vitally important that state dollars are invested with integrity.

Indiana currently holds $105 million dollars in Israeli Bonds – today’s announcement increases the State’s investment to $110 million. The three-year investment at a fixed rate of 5.5% will yield at 65 basis points higher than US Treasury notes.


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