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Dallas Borough to look for ways to earn more with its money


May 15. 2013 11:36PM
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DALLAS — After learning at Wednesday’s council meeting that the more than $145,000 in the borough’s general fund earned only $4 in interest last month, Mayor Tim Carroll asked if there were other, more profitable options.


The money is in a Pennsylvania Local Government Trust, which was created to meet the short-term investment needs of local governments, school districts and municipal authorities. Borough Manager Tracey Carr said she would look into the matter.


In response to complaints of speeding, council voted to advertise an ordinance to set the maximum speed limit of 25 mph on Jackson, Park, Parrish, Davenport and Joseph streets, as well as Lehman and Norton avenues.


In other business, council announced:


· Registration for the summer recreation program will be on Saturday, 10 a.m.-noon, and Monday to Friday, May 24, 9 a.m.-4 p.m., at the borough administration office.


· The annual Memorial Day Parade will be at 9 a.m. May 27.


· The next council work session will be at 7 p.m. June 17, and the regular council meeting will be at 7 p.m. June 19.




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