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City of Florence announces new investment strategy expected to generate $2.6 million annually

Summary by nkytribune.com
City of Florence announces new investment strategy expected to generate $2.6 million annuallyThe City of Florence is putting its financial position to work for taxpayers through a new investment strategy expected to generate approximately $2.6 million annually in interest income from existing city reserves. The strategy allows Florence to generate additional revenue without a new tax or fee while maintaining a balanced budget and protecting the …
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nkytribune.com broke the news on Thursday, August 27, 2026.
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