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Treasurer reports $716 million in city cash and investments; officials warn tariffs could disrupt supply chains
Summary
City treasurer told commissioners the city holds about $716 million in bank accounts and investments earning roughly 3.26%, composed of treasuries, agency securities and high-quality short-term commercial paper. Staff warned that recent tariff actions and border issues may affect procurement timelines and project costs.
Grand Rapids’ treasurer reported to the commission on March 11 that the city has approximately $716 million invested or on deposit, earning an average yield of about 3.26 percent. The portfolio consists primarily of U.S. Treasury bills and bonds, federal agencies, and high-quality short-term commercial paper, the treasurer said.
Why it matters: The city’s cash and investment portfolio funds daily operations and capital projects; its yield and liquidity affect budgets and the cost of borrowing.
Treasurer’s briefing: The treasurer described the portfolio as…
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