low interest rates http://tspr.org en Policy Will Benefit City Coffers http://tspr.org/post/policy-will-benefit-city-coffers <p>Interest rates of under one percent convinced Monmouth&#39;s city council to adopt a formal investment policy.<br /><br />City Administrator Eric Hanson said the did not have a formal investment policy and put all its money into CDs.<br /><br />He said, &ldquo;So with this new policy, which mirrors the state statute in terms of what we&#39;re allowed to do, we&#39;re hopeful we can put together a portfolio of some of our funds. That, hopefully, will get a return of around three or four percent.&rdquo;<br />&nbsp; Fri, 09 Mar 2012 18:32:49 +0000 James Lenz 11564 at http://tspr.org Policy Will Benefit City Coffers