By 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.