State of County Investment Funds

by Katie McGraw on May 20, 2013 at 6:54 am

County Commissioners met Monday with the Treasurer for the monthly Investment Committee meeting to review the state of the county’s funds in various investments.

According to Muskingum County Treasurer Carol Friel, the county needs the interest from those accounts in order to put into the general fund to continue operations within the county.

"The general take home is, we are not going to expect a lot of growth on our investments,” Friel said. “The economy is not warranting it, basically no one wants our money. They are not paying to have our money in their facilities."

This is not through the fault of anyone or any facility, it is just dependent on the economy. But what this means is, for those who are delinquent on their real estate taxes, they will be soon sought after by the county to pay what is due.

"Yeah, if they are not paying their taxes, then we don’t have that money to work with and that’s not fair to those who do pay their taxes. So the big message is, if you are delinquent, please come in here in and talk to us and we will get you set up on a payment plan. But the point being the county needs the money."

The dollars, from these overdue taxes, is money that is needed by school districts, the engineers office, or just the county in general.