MASON CITY – Cerro Gordo County Supervisors received an update from Treasurer Pat Wright on investment changes that are being readied at this time.
She said Tuesday that interest rates on county accounts were being slashed and that new investments were being looked at. She said “millions of dollars would be going out” to other banks.
It wasn’t immediately clear where the account(s) are currently located and she had not yet determined where the money would be moved to but some is being moved into CD’s.
Wright did say the lower return on investment would have a large impact on the county budget.
More to come on this.
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How bad do you really need to know about something if you are too lazy to either go to, or call the County Treasurer’s office? They will tell you where the money is, how much there is and the rate of return that it is generating. They have to tell you. It might take some time to gather the information, but they can get it for you. There is no need to have NIT do your leg-work all the time, go ask for yourself.
I really doubt there is any conspiracy attached to this, even though that is what some would like to think.
Jack, you bring up a good point.
Matt, maybe find out where all the County funds are and the balance of each?
Would be interesting to see!
Public record I’d guess.
Maybe the County budget person could supply the readers with this.
Keep up the reporting Matt!!
Some twists you otherwise wouldn’t learn about.
Are they talking about First Citizen’s??
Isn’t that where the Supervisor’s Secretary’s husband works?
That deal should have been looked into long ago!!!
Keep up the investigating Matt!!
The voter’s need to know!!
Geez, Jack. In such a small town like Mason City, somebody is going to work for somebody who’s related to somebody. No need for an investigation. Geez, people.
“Wright did say the lower return on investment would have a large impact on the county budget.”
This statement probably needs more explaination.
How come every picture I see of Urdahl during these meetings it appears he is napping???
..oh, he’s just TIRED of his job!