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West Palm Beach reports $37.5 million in investment earnings; officials stress "safety-first" strategy
Summary
City officials and PTMA Financial Solutions told the mayor and commission Feb. 9 that the city's investment program earned about $37.5 million in fiscal 2025, with a book yield near 4.1% and liquidity just under $327 million; CFO Bridget Soufrant cautioned that final discretionary-balance figures await the fiscal-year audit.
West Palm Beach officials received the city's fourth annual investment report at a Feb. 9 work session, where outside manager John Grady of PTMA Financial Solutions and CFO Bridget Soufrant outlined an economic outlook and reviewed the city's portfolio strategy. Grady said the city's approach emphasized principal safety, liquidity for near-term needs and laddered investments out to five years.
Grady opened with macroeconomic context, noting third-quarter GDP of 4.4% and continued uncertainty from trade tariffs and a variable labor market. He said markets were pricing one to two rate cuts in 2026 and described a relatively flat yield curve that informed PTMA's recommendation to ladder maturities. "We're using a balanced approach with overnight money and laddered investments between really 1 to 2 years out…
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