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Story County treasurer projects lower investment income but new vehicle fees to boost revenue
Summary
At a Jan. 31 budget work session, Treasurer Ted Rasmussen told the Story County Board of Supervisors that investment interest income is expected to fall from recent highs as ARPA balances decline and interest rates ease, while changes to vehicle-related fees should increase county revenue.
Treasurer Ted Rasmussen told the Story County Board of Supervisors on Jan. 31, 2025, that the county expects investment interest income to drop from the unusually high levels seen during the past two years as American Rescue Plan Act (ARPA) balances decline and market interest rates fall, but new state fee changes for vehicle transactions should raise vehicle-related revenue.
Rasmussen said the county’s interest-on-investments account produced “really massive years for interest earned” after pandemic-era interest rates rose into the mid-single digits, and that those gains were amplified while large ARPA balances were held in county accounts. He said recent months have seen rates move “back down” and that the county expects rates in the “low fours, high…
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