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Council adopts revised investment policy for city and redevelopment agency to expand allowable commercial paper and municipal obligations
6026090 · October 22, 2025
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Summary
The Reno City Council adopted a revised investment policy for the city and redevelopment agency that increases the allowable share of commercial paper in the portfolio and permits medium‑term municipal obligations from local governments.
An assistant finance director presented proposed revisions to the City of Reno and Redevelopment Agency investment policy and the Council moved to adopt the changes.
Staff said the updates align the policy with the fiscal sustainability goals in the council’s strategic…
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