RICHMOND - Selectmen meet Thursday to discuss moving the town's trust fund investments into something that's not losing money.

The town's investments of funds from various trust funds lost about $43,000 over the last year, according to Town Manager Thomas Fortier.

Fortier recommended to selectmen at a meeting earlier this month the town remove its trust fund investments, currently invested through Wachovia, and consider reinvesting them in certificates of deposit, or CDs.

Selectmen asked Fortier to collect more information before they decide what to do with the funds, which together total about $200,000.

The interest gained from trust fund investments is used to provide a wide array of assistance to residents, including money to help with education or for emergencies.

Selectmen meet Thursday at 7 p.m. at the Richmond Town Office.

They are also scheduled to hold a public hearing regarding a proposed Riverfront Community Development Bond grant application to help make riverfront improvements including shore stabilization, parking, and restrooms.