County Reviews Investments

POSTED BY: Kelly Choate
Thursday, August 11, 2011 - 04:54 PM

Muskingum County Commissioners met with County Treasurer Phil Murphy today.

Murphy told the commissioners that one of their CDs will mature on September 1st.  Commissioner Jerry Lavy said most of the rates are locked in, but the unsteady market could affect the county's investments in the future.

"Most of the investments that we have are locked percentages," said Lavy.  "As time goes on and they start maturing, then it will have some affect on it."

Lavy said the CD is currently earning three-quarters of one-percent.  The next investment meeting will be held on September 15th.


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