Hills approves savvy money move to money market

By TJ Rhodes
Posted 1/25/24

Hills

The regularly scheduled Hills city council meeting on Monday, Jan. 22 was a short one as the council had just one item on their agenda.

The item allowed Hills to move roughly $500,000 …

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Hills approves savvy money move to money market

Posted

Hills

The regularly scheduled Hills city council meeting on Monday, Jan. 22 was a short one as the council had just one item on their agenda.

The item allowed Hills to move roughly $500,000 into a money market account that has a 3.5% interest rate. The city is working closely with Hills Bank for this project.

The idea is when the council comes across bigger projects later this year, they can pull the money back into their checking account and hopefully have a little more to work with.

After approving this move, councilmembers thanked Matt Pantel, the Fire Chief who has worked tirelessly to keep up with the snowstorms that continue to dump ice, sleet, rain and snow on Iowa roads.

The next Hills city council meeting is slated for Monday, Feb. 12 at 7 p.m. in the Hills Community Center.

Hills, Iowa, city council