Last year, the Brown County government’s investment accounts brought in a little under $20,000.
The amount of interest earned is down more than $50,000 when compared to 2020 when the county’s accounts brought in $78,737.70.
“Our interest rate for 2021 was very bad. It is what it is. That is the market of the day,” Treasurer Andy Bond told the Brown County Commissioners on March 2 during the annual county finance board meeting.
“I remember when it had another zero on it,” Commissioner Diana Biddle said of interest earned.
Bond said there are really no high interest rates available right now.
“I am doing the best I can at this point,” she said.
“That is really not good news, but that is the news I have.”
The county has three investment accounts with the Fifth Third Bank, Trust Indiana and United Fidelity.
