• Facebook
  • Twitter
  • RSS
69°
Friday September 19, 2014
View complete forecast
News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow17307.5841.59
Nasdaq4579.79-13.64
S&P 5002010.41-0.95
AEP53.250.51
Comcast56.815-0.035
GE26.2950.085
ITT Exelis18.555-0.105
LNC55.750.06
Navistar37.02-0.63
Raytheon103.350.87
SDI24.38-0.57
Verizon50.3250.635

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.