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Jacksonville council adopts updated investment policy after review by Deep Blue advisors
Summary
The Jacksonville City Council voted to adopt an updated investment policy and strategies after staff presented minor changes recommended by new advisor Deep Blue and cited the Public Funds Investment Act.
The Jacksonville City Council on a routine vote adopted an updated investment policy and investment strategies after staff said the changes were minor and intended to align the city's practices with the Public Funds Investment Act.
City Manager James told the council that the city engaged Deep Blue as a new investment adviser after direction from the April council meeting and that Deep Blue recommended four minor changes to the policy. "They reviewed our…
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