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Council renews investment policy as staff reports small increases in city investments and interest income
5443229 · January 27, 2025
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Summary
City staff reported a 1.8% increase in invested balances (about $4.7 million) and a roughly $960,000 (5.3%) rise in interest income; the council approved renewal of the investment policy for one year.
City finance staff reported on the 2024 investment highlights and the Common Council approved the city’s annual investment policy renewal on Jan. 27.
Robert (city finance staff) told the council invested balances increased about 1.8% — roughly $4.7 million — and…
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