Don Kent joined the Treasurer-Tax Collector’s office in May 1997 as Assistant Investment Officer and was promoted to various positions throughout the years with increasing responsibility including Chief Deputy Treasurer-Tax Collector, Assistant Treasurer, and, Assistant Treasurer-Tax Collector.
By a unanimous vote of the Board of Supervisors, he was appointed Treasurer-Tax Collector on October 28, 2008 to fill the remainder of the term of the prior office holder. He was later elected to a four year term on June 8, 2010 as well as on June 3, 2014. He serves as the 10th Treasurer-Tax Collector* in the history of the County, which began with its incorporation in May 1893.
For more than 11 years, Kent had been directly involved in the daily investment operations of the then $5 billion Treasurer’s Pooled Investment Fund (TPIF) while it grew dramatically due to the County’s growth in the last decade. During his tenure on the investment desk in the Capital Markets division, the TPIF produced in excess of $1.1 billion in interest earnings for its depositors (the County, school districts, special districts and other discretionary depositors) during that time frame.
Drawing from his experience in the private sector and through various economic cycles, including the global financial crisis and subsequent Great Recession, he has developed through the years institutional class investment management experience crucial to managing public funds and fully understands that preserving capital is the single highest priority in investing taxpayers’ money.
Currently in his 20th year with the County, Kent leads a department of approximately 105 employees in three office locations, produces more than one million secured, unsecured and supplemental tax bills while collecting and depositing $3.5 billion in property taxes annually. Additionally, he oversees one of the largest TPIF’s (with the highest attainable ratings by Moody’s Investors Service at Aaa-bf and FitchRatings at AAA/V1) in the state of California, surpassing $8 billion in April 2017, and, nearly $14 billion in Treasury annual receipts and disbursements each year.
He serves as ex-officio Treasurer of all school and community college districts, is a member of the County of Riverside Investment Oversight Committee, member of the County of Riverside Pension Advisory Review Committee, past member of the County of Riverside Pension Reform Advisory Committee, member of the County of Riverside Debt Advisory Committee and is a member of the County of Riverside Deferred Compensation Committee. Additionally, he serves on the Board of Trustees of CalTrust - Investment Trust of California, a $2.7 billion trio of fund options for public agencies in California, and, is a member of the California Association of County Treasurers & Tax Collectors, a statewide organization established to help its members improve public service, serving on its Legislative Committee. He has served as a past volunteer Chairman of the Riverside County Employee Campaign which raises money for the United Way of the Inland Valleys.
Currently, he is partnering with the County Assessor-Clerk-Recorder and the County Auditor-Controller in a multi-year effort to develop a new integrated property tax management system (IPTMS) with business processes and proposed changes producing over 5,600 requirements to replace its obsolete, forty five year old platform. One of the first in the state encompassing all three departments, IPTMS will ensure the integrity of the County’s largest source of discretionary revenue providing for major enhancements in property tax administration including modernizing procedures, improving efficiency and flexibility ranging from valuation, collection, cashiering, correspondence and e-billing.
Before joining the department, Kent worked in the financial services industry as a licensed investment executive with a major national brokerage firm which reinforced the importance of serving customer needs when coming to the County. He advised the investment needs of individuals and businesses, providing for growth and income, retirement, college and stock-option financing plans.
Kent earned a Bachelor of Science degree in Business Administration with an emphasis in finance from California State University, San Bernardino. A lifelong resident of the County, he has been married for over 22 years. He and his wife have two children.
*On April 6, 1972 the County of Riverside Treasurer and Tax Collector’s offices were merged into one office.