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Treasurer outlines county investments, public safety sales-tax allocations and iFiber funds
Summary
Treasurer Jim Spellich reviewed monthly tax collections, public safety quarter-cent sales-tax receipts, investment strategy (laddered CDs and money-market accounts) and described an $8 million iFiber settlement held in an Illinois sweep account; the committee approved the treasurer's report.
Jim Spellich, LaSalle County treasurer, presented the monthly treasurer’s report and discussed investment strategy and public-safety funds at the Jan. 27 committee meeting. Spellich described the county’s practice of laddering certificates of deposit (CDs) from 12 to 36 months to capture favorable yields, holding some funds in brokered CDs and a liquid Illinois money-market sweep account.
On public-safety revenues derived from a quarter-cent…
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