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.
