Madison County Treasurer Kurt Prenzler's Office has announced it has invested in school district bonds, bringing the total to $3.9 million. Since December 2015, the Treasurer's Office has invested four times in Alton School District Bonds. Prenzler said last year his office also invested $1.6 million in bonds with the Granite City School District.
With the planned closure of the Dynergy Inc. power plant in the Alton School District, property values will drop over the next two years, causing a loss to the district of more than $700,000. The Treasurer's Office invests the majority of the county's money in local banks, but Prenzler said investing in schools is a way to show confidence in our communities during a time when it is needed.