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.