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Wall School board moves $1 million into staggered CDs, keeps cash accessible for CTE building costs
Summary
The board approved placing $500,000 in a 7‑month CD at First Interstate, $500,000 in a 6‑month CD at Black Hills Federal, and keeping remaining balances in money-market accounts to preserve liquidity for about $3.3 million remaining on the district's CTE building debt.
The Wall School District board voted to split about $1 million of maturing funds into short-term certificates of deposit and to retain the remaining balances in money-market accounts to ensure liquidity for ongoing payments on the district’s Career and Technical Education building.
Staff told the board that both First Interstate and Black Hills Federal…
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