We’re in the early stages of next year’s budget preparations and in looking at our investment earnings, the Budget and Finance Department reported a glimmer of good news.
It turns out that we’ve been able to increase our investment earnings 250% from 2013 to 2017.
Admittedly some of that is due to the slowly climbing interest rates in 2017, but the bulk of our gains come from the re-organization of our investment portfolio following the advice of our investment bankers.
Here’s a look at the interest earned by year:
What I’m not showing is that we made $1.4 million in investment earnings (just on bank CDs) back in 2007.
At least we’re making us some ground back.