Nelsonville City Council's decision to table a crucial investment ordinance has sparked questions about who really controls the city's finances and how much revenue could be lost in the process.
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#NelsonvilleAthensCounty #OH #NelsonvilleCityCouncil #CitizenPortal
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#NelsonvilleAthensCounty #OH #NelsonvilleCityCouncil #CitizenPortal
Nelsonville council tables ordinance on auditor's authority to invest funds; debates treasurer role and outlines investment plan
Council tabled an ordinance that would have authorized the city auditor to invest funds in a CD account after debate over whether such authority belongs to the treasurer; members discussed bank guidance, a $600,000 USDA requirement in a money-market account, and a plan to ladder roughly $3.6 million into CDs at about 3.5% interest.
citizenportal.ai
July 2, 2026 at 12:25 PM
Nelsonville City Council's decision to table a crucial investment ordinance has sparked questions about who really controls the city's finances and how much revenue could be lost in the process.
Click to read more!
#NelsonvilleAthensCounty #OH #NelsonvilleCityCouncil #CitizenPortal
Click to read more!
#NelsonvilleAthensCounty #OH #NelsonvilleCityCouncil #CitizenPortal