Cass feels the effect of low interest rates
BACKUS — With interest rates at an all-time low for a prolonged period, Cass County is feeling the effect on its investments.
The county usually budgets lower than it really anticipates, so year-end figures usually show the county earned more on investments than anticipated each year. This did not work in 2012.
Not only did the county not earn as much interest on investments as 2011, but only reached 95 percent of its budgeted goal.
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