Ninety-five percent of the income St. Joseph County Treasurer’s Office took in last fiscal year was from two sources.
During her annual report to county commissioners earlier this month, treasurer Judie Ratering said the department had revenue of nearly $943,000. Two-thirds of that – more than $660,000 – was from delinquent-tax fees, while investment earnings generated the balance, about $235,000.
Ratering foreclosed on 49 properties last year.
Meanwhile, the department’s money was distributed through 12 different institutions, larger amounts were at locations that included Century Bank, Sturgis Bank and Morgan Stanley.