Town Meeting Warrant Article of the Day | Article 7: Investment of Trust Funds 

Warrant Article of the Day

As we ready for Town Meeting on May 14, 2024, the Town will be presenting information every day on different warrant articles.

The full warrant has not yet been finalized, but a full list of the articles can be found here:  https://drive.google.com/file/d/1-y4Cd71ERgJAqVxD3X9tnQw22Owiebv0/view?usp=sharing

Article 7: Investment of Trust Funds

This is a local option being recommended by the Town Treasurer.  This local option allows municipal treasurers to apply the Prudent Investor Rule to optimize returns on trust fund investments.  This would give the Treasurer a wider selection of types of investments to choose from.  The Treasurer would be required to invest and manage the trust assets a prudent investor would base on the needs of the Town.