Rio Rancho advisory board keeps reserves, declines transfer to permanent fund after portfolio review
At a May meeting, the City of Rio Rancho Investment Advisory Board reviewed its permanent fund portfolio and voted to recommend against transferring any excess general-fund revenue into the permanent fund this year, citing conservative projections for the next five years and reserve targets.
The full story
The City of Rio Rancho Investment Advisory Board met virtually in May to review the permanent fund portfolio and unanimously recommended against transferring any excess general-fund revenue into the permanent fund this year.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in