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Trustees hear bank report and details on veterans' tax relief; interest-rate questions raised
Summary
County finance staff updated trustees on account balances and recently negotiated rate increases, and outlined how veterans apply for tax relief; trustees questioned low interest rates on some accounts and asked for follow-up.
At their Feb. 5 meeting, Sumner County trustees heard a trustees/bank report that covered account balances, recent negotiated interest-rate increases and the county's veterans tax-relief process.
Unidentified Speaker 6, presenting the trustees report, said some county accounts have relatively low interest rates because of statutory restrictions on certain funds while other accounts had recently seen negotiated increases. "I think it went up to a dollar 60…
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