Bourbon Town Council members were updated on the status of several town investments when they met last Tuesday.
Clerk-Treasurer Kim Berger explained that a handful of the town’s invested savings certificates recently reached maturity.
She shared, “Our investments for the town mature every so often so we had six of them that came due here just within the last month.”
Clerk-Treasurer Berger mentioned that the money was reinvested at a higher interest rate, “We were getting .10% on those CDs,” she continued, “so I just redeemed those six, turned around and reinvested those six, at a rate of 2.75%.”
She noted that a total of $88,000 was redeemed and reinvested.
