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Wayne County panel considers letting treasurer invest in 5‑year maturities
Summary
Treasurer Eric Sabri told the committee an ordinance amendment would let the county invest in select U.S. Treasury, federal agency and municipal instruments up to five years for higher potential yields while maintaining liquidity; the committee referred the proposal to the full commission.
The Wayne County Committee on Ways and Means considered an ordinance amendment that would change Chapter 117 of the county code to allow investments in U.S. Treasuries, federal agency instruments and municipal bonds with maturities up to five years.
Eric Sabri, Wayne County treasurer, briefed the committee that…
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