Low interest rates hurt county funds earnings

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By Reed Anfinson
Publisher
Swift County Monitor-News

“I don’t know quite where to start,” Swift County Treasurer Ron Vadnais told the County Board of Commissioners  at their meeting Tuesday, Feb. 16.

“I have been in this position for a number of years and I guess when I first came on board, the interest rate structure was in double digits to the point of it being almost loan-shark rates. Now here we are in 2021…” Vadnais said.

Vadnais was being modest when he said he had been the county’s treasurer for “a number of years.” He has been the county’s treasurer for 38 years, serving since 1982. In June 1982, interest rates peaked 21.5 percent...

 

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