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Council approves participation in TexStar to better manage short-term funds
Gun Barrel City Council · March 25, 2026
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Summary
City manager and Hilltop Securities briefed council on moving certain city funds into TexStar for greater liquidity and yield; council adopted Resolution R-2026-006 and authorized reinvestment steps including a CD transfer.
Gun Barrel City council voted to participate in the Texas Short Term Asset Reserve Program (TexStar) to gain better liquidity and returns on certain city funds.
City Manager (Dr. Smith) reviewed recent investment-policy decisions and said staff had presented options from Hilltop Securities. The…
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