Blue Ridge council hears proposal to move reserves into higher-yield municipal pools
A Hilltop Securities representative told the Blue Ridge City Council that local government investment pools offer liquidity and higher yields than the city's current accounts, citing example yields around 4.3% and low operating fees; council asked staff to review options with relevant boards.
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The Blue Ridge City Council on June 3 heard a presentation from a Hilltop Securities representative about local government investment pools as an alternative to low-yield city accounts. The presenter said pools are structured for governments, offer same-day liquidity under normal conditions, and prioritize capital preservation while delivering higher yields than many municipal operating accounts.
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