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Georgetown council approves $2.2 million reinvestment into longer‑term securities
Summary
Council approved a municipal order to reinvest roughly $2.2 million of matured funds through Stockyards Bank into taxable municipal/agency securities with 2–7 year maturities, aiming for higher yields while staff said liquidity would remain available if needed.
Georgetown City Council voted to reinvest about $2.2 million of matured securities held at Stockyards Bank into longer‑term municipal and agency securities during its Nov. 24 meeting.
Stacy, the city's finance staffer, told the council the funds were available because certain investments had matured and the city did not need immediate liquidity from that account. The investment…
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