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Council approves quarterly investment report, asks staff to study shifting town funds from large banks
Summary
The council approved the quarterly treasurer's investment report and directed staff to prepare information on the town's investment policy and options for moving deposits from large banks to local institutions such as Redwood Credit Union.
The San Anselmo Town Council approved the town’s quarterly treasurer’s investment report for December 2024 and instructed staff to return with a fuller discussion of the town’s investment policy and the feasibility of moving town deposits to local credit unions or other institutions that align with town values.
During public comment, members of the Open Space Committee and residents urged the town to consider moving funds out of large commercial banks active in fossil-fuel financing and into…
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