FortWayne.com
 
  Text size  Increase text sizeDecrease text size      
Posted on Sat. Jan. 25, 2014 - 12:01 am EDT

Allen County's interest income continues to fall

DISCUSS
Comments
 

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.


Comments
 
Thursday
Thursday
High  °F
Low  °F
33 °F
Partly Cloudy
Sponsored by Masters Heating & Cooling, Inc.
LOCAL BUSINESS SEARCH
Local Search
STOCK SUMMARY
Dow 17678.23-40.31
Nasdaq 4863.36-13.16
S&P 500 2056.15-4.90
AEP 55.33-0.58
Comcast 55.91-0.62
GE 24.80-0.11
ITT Exelis 23.83+0.27
LNC 57.01+0.51
Navistar 28.84+0.34
Raytheon 108.75+0.04
SDI 20.01-0.33
Verizon 48.42-0.31
  Stock Sponsor