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Trustees table decision on moving town investments from CSAFE to CSLIP
Summary
Bob Kruger outlined differences between CSAFE and CSLIP and said CSLIP offers about 4% interest; the Board asked for time to review and tabled the decision until December for further information.
Bob Kruger, who said he previously worked for CSAFE and now represents CSLIP, asked the Board to consider moving the town’s CSAFE accounts to CSLIP. Kruger stated that "interest rates are a little more conservative than CSAFE, at 4%" and that funds are same‑day liquid if withdrawal requests are submitted before noon.
Mayor Wenke asked to defer the decision so trustees could consider the proposal and seek additional information; the Board voted to table the item to the December meeting. The motion to table was made by Trustee Nordyke and seconded by Trustee Wilhelm.
