It’s Investing 101. The city’s School Construction Authority stashed $104 million in a low-interest checking account for two years — losing out on hundreds of thousands of dollars by not investing the money elsewhere, as required by law, according to an audit released Thursday. “By maintaining a significant amount of cash in a checking account,...
City School Agency Broke Law, Lost Money By Not Investing
Danika Fears, New York Post: Local
Thu, 01/18/2018 - 9:23pm
Sections: u.s.
Topics: New York New York City
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