• Facebook
  • Twitter
  • RSS
71°
Thursday August 21, 2014
View complete forecast
News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow17045.9166.78
Nasdaq4523.08-3.4
S&P 5001990.754.24
AEP52.680.3
Comcast54.3906-0.2494
GE26.35-0.01
ITT Exelis17.510.08
LNC53.25-0.08
Navistar38.33-0.7
Raytheon96.790.13
SDI23.13-0.03
Verizon49.02660.2066

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.