Investing Idle City Cash for Higher Returns
Summary
Council hired Valley View Consulting to help manage the city's cash and investments, aiming to boost interest income by hundreds of thousands of dollars a year at a fee of roughly $40,000.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 13, 2026.
Impact analysis
About $40,000/year in advisory fees, with projected additional interest income in the hundreds of thousands.
Taxpayers, through higher interest earnings on public funds.
No groups negatively affected
Mentions & discussions (3)
City Council - Jul 13, 2026
Council hired Valley View Consulting to help manage the city's cash and investments, aiming to boost interest income by hundreds of thousands of dollars a year at a fee of roughly $40,000.
City Council - Jun 15, 2026
The city sits on roughly $50 million in idle cash earning about 2% in a money market account. A $39,000-per-year advisory contract is projected to roughly double that return — potentially $100,000 a year extra — but council wants to hear from the firm first before signing a three-year deal.
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