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Torrington treasurer reports $1.3M in earnings after placing $40M in state short-term investment fund
5349396 · July 8, 2025
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Summary
City Treasurer Dan told the council the city moved $30 million, later adding $10 million, into a short-term state investment fund and has averaged about $436,000 per month in interest earnings, totaling a little over $1.3 million since the funds were placed; the portfolio yields roughly 4.5% and remains liquid, acc
City Treasurer Dan reported to the Torrington City Council that the city placed municipal funds into a short-term investment fund with the state of Connecticut and has seen meaningful earnings without sacrificing liquidity. Dan said…
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