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Commissioners review investment-policy draft as bank rates and statutory constraints shape options
Somerset County Commissioners · August 7, 2025
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Summary
County staff presented a revised investment policy aligned with state statutes; staff noted June interest income around 4.2% and cautioned that statutory limits, management fees and the time horizon for higher-yield investments limit practical options.
COUNTY STAFF presented a revised draft investment policy intended to align the county’s approach with state statutes outlining eligible investments.
“ In June, our interest income is at 4.2%,” the staff presenter said, summarizing recent returns that make short-term bank holdings roughly competitive with other available…
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