Interest rates are rising, and as President John F. Kennedy said in 1963 about a then-improving economy, “a rising tide lifts all boats.” The Fed’s recent actions on interest rates make it almost a given that your municipality will earn more in interest over the next 12 months than what it earned last year. But is simply floating on that tide really good enough, or do your taxpayers and stakeholders deserve even more?
The power of cashVest® from three+one can increase your municipality’s interest revenues by a factor of 5, 10, or even more—no matter where current market rates stand! We’re talking about a major—and very positive—impact on your next budget!
Our advanced liquidity-data analysis and future-cash forecasting help public entities proactively and effectively manage the cash they already have on deposit, and the results can be truly amazing.
Imagine taking your present 2023 interest revenue projections and then multiplying that figure by a factor of 5, or maybe even 10! Your $100,000 in interest earnings could become $500,000 to $1 million! And for larger municipalities, $3 million in budgeted interest revenue could become $15 million—or even more!
We have already added hundreds of millions of dollars in new, previously untapped revenues to municipal-fund balances and operating accounts all across the U.S. What’s more, we’ve shown our clients that this can be accomplished without switching banks or making any drastic changes.
Put the advanced technology of cashVest to work and your public entity can be making real, significant forward progress in no time at all! With three+one in your wheelhouse, higher revenues will be full speed ahead!
Prior to joining three+one, the author served for 24 years as a county chief financial officer responsible for managing and investing public funds, and for 20 years as a county budget officer. He can be reached by phone at 585-484-0311, ext. 709 or by email at wec@threeplusone.us
