Hemet City treasurer questions Hemet Council action on finance investment policy

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Hemet city treasurer Gladys Savage voiced her intention to legally halt the Hemet City Council from hiring an investment firm and allowing the city to determine its own investments Thursday, March 4. Savage, recently elected as the city’s treasurer, emailed a letter that she intended to forward to the Riverside County district attorney’s public integrity unit her objection to the city approving an ordinance that allowed the city staff, with the help of an investment counseling firm, to determine what and where the city should invest its surplus funds, if any. In particular she questioned an investment, Jan. 12, made by the finance director with the city manager’s approval to invest in California’s Local Agency Investment Fund that was not introduced to her. She alleged the
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