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Mesquite council hears investment‑policy review and economic outlook from new advisor Hilltop Securities
Summary
City finance staff and new advisor Hilltop Securities briefed council on investment performance, proposed investment‑policy changes tied to SEC and market rules, and an outlook that anticipates slowing growth and likely Fed rate cuts in September.
City Finance Director Ted Chen and Matt Harris of Hilltop Securities presented the city’s annual investment activity report and proposed amendments to the investment policy required by the Public Funds Investment Act.
Chen said staff supplied a red‑line copy of the policy and highlighted proposed changes including naming additional treasury employees as designated investment officers, reducing money‑market fund WAM language to 60 days to reflect SEC…
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