• Facebook
  • Twitter
  • RSS
71°
Wednesday August 27, 2014
View complete forecast
News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow17106.7029.83
Nasdaq4570.640
S&P 5002000.022.1
AEP52.26-0.69
Comcast54.56-0.09
GE26.01-0.19
ITT Exelis17.34670.03
LNC54.750.45
Navistar37.61-0.48
Raytheon96.61-0.46
SDI23.610.33
Verizon49.250.1

Low interest rates continue county's investment slide

Saturday, January 26, 2013 - 12:01 am

Continued declines in interest rates continue to weaken Allen County government's bottom line.

County Treasurer Sue Orth reported Friday that the county's investments generated $350,320 in interest in 2012, down from $598,988 in 2011. As recently as 2007, the county had been earning more than $8.4 million in interest annually.

“It's been devastating,” Orth told the County Commissioners in her annual report, noting rate increases are not expected for at least two years.