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Schererville finance board accepts 2025 investment report, cancels $13,347.51 in stale warrants
Summary
The Board of Finance accepted the town's 2025 investment report, discussed falling interest earnings and an upcoming investment-policy review, approved cancellation of $13,347.51 in checks older than two years, and noted a $755,851.31 revenue shortfall mostly tied to TIF collections.
The Board of Finance on Feb. 11 accepted the town's 2025 investment report and moved to cancel stale warrants totaling $13,347.51.
Town Manager Jim Gorman presented the investment report, saying the town holds money-market investments at Old National, Trust Indiana, WindTrust and Peoples Bank and that earned interest declined during 2025 as market rates fell. "These are all liquid funds. They are, we can pull them out next day," Gorman said while explaining the town's use of…
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