COOPERSTOWN – Village Treasurer Derek Bloomfield has given notice, planning to leave his post at the end of May to manage his downtown Oneonta building.
Bloomfield said he will have served two years handling village finances, and thinks that enough. During that time, he has adjusted and streamlined the village’s portfolio, often receiving accolades from the trustees.
The treasurer said he owned 180-184 Main St. in Oneonta, which includes Tino’s Pizza and a hair salon on the Main Street side, and LEAF and another rented unit on the Water Street side, as well as six apartments.
COOPERSTOWN – Rejecting the advice of the village treasurer, the Village Board this evening voted unanimously to shift its investments in S&P 500 stocks over the next year into an S&P 475 scrubbed free of fossil-fuel companies.
Trustees acted despite Treasurer Derek Bloomfield, citing guidelines for CFAs (chartered financial analysts), advising them that a fully diversified portfolio, including fossil-fuel stocks, is the most stable. “Social investment should be done with one’s own money,” he said.