Feb. 4, Boothbay Harbor Sewer District began the first of a series of presentations from local banks after expressing dissatisfaction with their investment portfolio returns with their current provider, First National Bank.  

Vice President and Trust Officer Danielle Lavache from Bath Savings Trust Company met with trustees to go over a sample portfolio. Trustees pointed out the need to keep investments lower risk as the money is from the municipality.  

Discussions veered to investment strategies that take into account the future economy under the new presidential administration and the proposed tariffs. 

“We expect some volatility, but we expect overall growth in the economy and in the markets,” said Lavache.  

The issue was tabled pending the district's supplying Bath Savings with more financial information so the bank can create an in-depth investment mock-up. The trustees plan to hear presentations from Bangor Savings Bank and Camden National.  

In other business, the board is sending the installation contract for the $8.1 million sea wall project to an attorney for review. After approval, the contract will go out to bid. Trustees expressed concerns about obtaining the promised funds for the project following a memo from the Trump administration that issued a freeze on federal grants and loans. The memo was later rescinded but the White House did reiterate its commitment to review federal spending. On Monday, Feb. 3., a federal judge issued a temporary restraining order against the measure.