Commissioners Hold Investment Committee Meeting

POSTED BY: Mark Bullion
Thursday, May 12, 2011 - 06:27 PM
Investment Committee Meeting

The Muskingum County Commissioners held their investment committee meeting Thursday afternoon.

The Commissioners were glad to see Treasurer Phil Murphy show up to the meeting after not coming to a previously scheduled meeting last week. Commissioner Jerry Lavy says the county's investments are overall doing well with minor gains and losses in a still uneasy economy.

"That's typical. The market may go up or may go down and some of the bonds that are invested there so there are some adjustments that are made in there through the process any typical investment when dealing with a bond," said Lavy.

 

The commissioners say their investments are down by about 20 million dollars because of a real estate settlement tax that was recently paid out, but they say that is normal.


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