Glendale eyes changes to city investment policy

Investment_StrategyBy Jeff Grant | Daily News-Sun

Glendale is proposing changes to its investment policy designed to strengthen its earnings potential.

The proposed revisions, which would be the first since 2005, include extending the current 3-year investment maturity period to 5 years. The latter is the limit allowed under state law. The move would give Glendale greater flexibility in investing while increasing its capability to earn money on longer-term investments, according to city finance officials.

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