City of Russell Moves to More Local Investments
- Published on Thursday, 13 September 2012 15:27
City Clerk Sheldon Hamilton explains where the money was before and why the move was made.
"We've been investing in the Kansas Municipal Investment Pool for the last couple years," Hamilton said. "But we were able recently to get some good rates from a couple local banks and moved about $4 million back to investing in local banks and that should increase our interest by about $13,000 a year, so that's good news."Read More Local News