The Henry County Commission has approved an investment of up to $5 million with First Tennessee Bank, in an attempt to jumpstart interest earnings.
Henry County Trustee David Stone estimates the county will reap $50,000 in interest earnings this year. That’s down from 2006, when Henry County earned more than $400,000 from its investments.
Henry County Mayor Brent Greer said several county budgets are being delayed because departments are having difficulty adjusting to new policies prompted by the Affordable Health Care Act.
Greer said the issue stems from departments having to make final rulings on which employees will be considered full time. In Henry County, a 28-hour work week represents full-time status.