Rules for Investing City Money
City Council meeting · Tuesday, September 8 at 6:30 PM
The decision
Should Bastrop approve its policy for investing city money and its list of qualified brokers?
Who notices: This concerns Bastrop taxpayers and city staff who manage public money.
We used AI to help explain this decision using official city records.
How the council voted
Passed5–0 September 8, 2026
The council approved the City of Bastrop’s investment policy and qualified brokers as part of the consent agenda.
0 Yes · 0 No · 0 Didn't vote
- Perry LowePlace 1 (citywide)Didn't vote
- Cynthia MeyerPlace 2 (citywide)Didn't vote
- Kevin PlunkettPlace 3 (citywide)Didn't vote
- Kerry FosslerPlace 4 (citywide)Didn't vote
- John KirklandPlace 5 (citywide)Didn't vote
Each council member's vote, as recorded by the City of Bastrop.
What happens next
The decision stands. City staff now carry it out; timing depends on the item, so check the official agenda for dates. You can still email your council member to say thanks or share concerns.
Benefits and concerns
Potential benefits
City staff managing investments
An approved broker list could give staff a clear starting point when choosing firms to handle city investments.
This group could benefit or face problems, based on the proposal. This is not a claim about what the group thinks.
Possible concerns
The City's documents don't give us enough detail to explain this.
What changes for you
The policy would set the city's approved rules for investing public funds, alongside an approved list of brokers.
Where we got this information
We used AI to help explain this decision using official city records from Bastrop. A person has not checked this explanation yet.
R-2026-127
Read the City's own words
Consider action to approve Resolution No. R-2026-127 approving the City of Bastrop Investment Policy and qualified brokers.