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Treasurer reports laddered CDs and Illinois Funds 'iFiber' settlement held in liquid account
Summary
The treasurer's update noted laddered certificates of deposit with recent renewals at 4% for 24 months, a sizable Illinois Funds variable-rate money market account holding proceeds from an iFiber settlement and mobile-home tax collections due in early May.
The LaSalle County treasurer reported on April 15 that the county is laddering certificates of deposit, recently renewed a federal CD at 4% for 24 months and is holding proceeds from an iFiber settlement in an Illinois Funds money-market account for liquidity.
The treasurer described investment strategy as laddering maturities into 2025–2027 to balance yield and liquidity. "I have a couple of them come and do that we'll be work…
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