News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow18135.1638.26
Nasdaq4978.6011.46
S&P 5002100.261.73
AEP57.300.72
Comcast60.19-0.24
GE25.6750.015
ITT Exelis24.085-0.015
LNC58.380.35
Navistar29.420.69
Raytheon106.890.12
SDI18.710.26
Verizon48.945-0.125

Allen County's interest income continues to fall

Saturday, January 25, 2014 - 12:01 am

Declining interest rates continue to hurt Allen County’s bottom line, Treasurer Sue Orth said Friday during her annual report to the County Commissioners. Income from interest on investments totaled $296,343 in 2013, down from $325,320 in 2012, $598,988 in 2011 and $742,118 in 2010. Rates dropped by 21 percent between 2011 and 2012, she said, and when added to property tax caps and other factors gave the county $15,000 less per month to invest.

Orth said she does not expect rates to increase until at least 2015.