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La Mesa treasurer reports record investment earnings, cautions on market uncertainty
Summary
City Treasurer Matt Trebone told the council the city earned $721,725 in Q2 2025, putting first half earnings at $1.5 million, and said the city is prioritizing safety and liquidity while keeping cash in LAIF amid rate uncertainty.
City Treasurer Matt Trebone told the La Mesa City Council on Aug. 12 that the city earned $721,725 in investment income in the quarter ending June 30, and roughly $1.5 million in the first half of 2025 — the most the city has earned in a comparable period, he said. Trebone said the city’s investment approach remains “safety, liquidity, and earnings,” in that order, and that staff has maintained a buy‑and‑hold posture while leaving maturing funds in…
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