The City of Cheyenne is considering a change to how it manages public funds, with a proposal that would allow certain municipal reserves to be invested in the stock market.
The proposed revision to the city’s investment policy was discussed during the Cheyenne Finance Committee’s October 20 meeting. The change would expand the city’s investment options beyond traditional fixed-income investments, potentially allowing a portion of long-term reserves to be invested in stocks.
The Cheyenne City Finance Committee met to review the stock market investment consideration
The goal is to provide opportunities for greater investment returns while helping protect the city’s long-term financial resources against inflation.
However, investing public funds in the stock market also introduces financial risks, as market fluctuations could result in losses.
The proposal follows changes to Wyoming state law allowing certain public funds to be invested in equities.
The Finance Committee has reportedly backed the policy revision, but final approval rests with the Cheyenne City Council.
The proposal could come before council during its next scheduled meeting on Monday, October 26, at 6 p.m.
If approved, the revised policy would establish new investment options for the city as officials consider how to balance potential financial growth with responsible management of taxpayer funds.
