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By CINDY MAHAN
Rappahannock News Staff Writer
Louise van Dort has taken a strong hold of the reins as treasurer of the Town of Washington.
Looking over the accounts of the town, she found that most of the town’s money was tied up in a savings account earning only 3 percent interest, or in a checking account earning no interest. With approval from the council, she will be transferring nearly all of that money, plus three of the five $10,000 5-year CDs, to an LGIP account which will earn interest at a much higher rate. She said that if the money had been in the account for the last year, it would have already earned about $2,500, which could have paid for some of the office equipment needed in the town office.
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