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Clinton Schools To Invest Portion of Reserve Funds For Rainy Day

Clinton School officials are going to re-adjust how they invest the money they have in reserves.


Superintendent Curt Nettles last Tuesday night, told the Clinton Board of Education they plan to take advantage of better interest rates. He explains this is going to be done locally through Clinton banks.



Part of the reason for the re-investment of the reserves is preparing for a day the power plant may not be here. Nettles says this was something he thought would be a good idea when he arrived in Clinton four years ago.



School districts are limited to investments like bonds, CDs or money markets. Nettles says while there is some risk in those investments, it is a minimal risk. 

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