Romulus City Council Study Session 6-8-26

The Romulus City Council held a special study session on June 8, 2026, primarily to review the quarterly investment report for the period ending March 31, 2026. The city treasurer and investment manager presented detailed information on the city's investment portfolio, highlighting the impact of recent geopolitical events on energy prices and inflation expectations. They discussed the portfolio's composition, focusing on safe investments such as U.S. Treasuries and federal agencies, and noted a strategic shift toward longer-duration securities to capitalize on higher yields. The portfolio's performance was reported as outperforming its benchmark by seven basis points for the quarter, with strong returns over one, three, and ten-year periods. No new contracts, procurement decisions, or budget allocations were discussed during the meeting. The session concluded with no public comments and a motion to adjourn.