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Friday, Mar 29, 2024

Treasurer: Glendale’s investments ‘safe, sound’

CITY HALL , Glendale’s $440-million investment portfolio continues to ride out the storm on Wall Street with top-rated holdings in mostly federally backed institutions, according to the city’s first-quarter report. While the portfolio ended the period between July and Sept. 30 down by $29 million, $22 million was attributed to the city’s first-ever lump-sum payment to the state Public Employees Retirement System. For the full story visit www.glendalenewspress.com/articles/2008/11/04/politics/gnp-investments04.txt

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