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General Fund Investment - Improving Performance

In the face of poor investment performance and deepening fiscal crisis in 2005, Ken organized the Finance & Management Working Group, which recommended investment strategies that helped to generate significant increases in return on investment. Subsequent to the issuance of the report, Newton's investment performance more than doubled, generating millions of dollars of additional revenue, as anticipated by the report's analysis of investment performance in other communities.

While it is impossible to determine the exact amount of Newton's increased investment performance attributable to the issuance of the Finance & Management Working Group Report, City Treasurer Edward Spellman credited the report with playing an important role in improving the City’s investment performance