Jon Christensen joined the Treasurer-Tax Collector’s Office in April 2002 as Chief Deputy Treasurer-Tax Collector and was promoted to various positions throughout the years with increasing responsibility including Senior Chief Deputy Treasurer-Tax Collector and has served as Assistant Treasurer-Tax Collector for the last nine years.
On July 25, 2017, by a unanimous vote of the Board of Supervisors, Jon was appointed Treasurer-Tax Collector to fill the remainder of the term of the prior Treasurer-Tax Collector. He serves as the 11th Treasurer-Tax Collector in the history of the County, which began with its incorporation in May 1893.
For more than 15 years, Jon had been directly involved in the daily investment operations of the then $8 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 billions of dollars in interest earnings for its depositors, which include the County, school districts, special districts and other discretionary depositors.
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 the 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 15th year with the County, Christensen leads a department of approximately 100 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.
Jon 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, member of the County of Riverside Debt Advisory Committee and is a member of the County of Riverside Deferred Compensation Committee. Additionally, Jon is a member of the California Association of County Treasurers & Tax Collectors (CACTAC), a statewide organization established to help its members improve public service, serving on its Legislative Committee.
Currently, Jon 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.
Mr. Christensen holds a Bachelor of Arts Degree in Business Management and is a graduate of the County of Riverside’s Leadership Initiative, and is a Member on the Riverside County Regional Park and Open Space District Board. He is an honorably discharged veteran in both the U.S. Army and the National Guard. Jon is a proud 5th generation resident of Riverside County has been married for 27 years, has two children and one grandchild.
Before joining the department, Mr. Christensen was an Associate Vice President of Investments at Morgan Stanley and an Investment Advisor with A.G. Edwards Inc. from 1992 to 2003 this experience 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.
*On April 6, 1972 the County of Riverside Treasurer and Tax Collector’s offices were merged into one office.