Receive report on results of 2013/14 tax anticipation notes sale
In Plain English
The city borrowed money in 2013/14 by selling tax anticipation notes to cover expenses before property tax payments arrived. These short-term loans help cities manage cash flow when tax revenue comes in later than bills are due. Staff will report how the borrowing went and what interest rates the city paid.
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Votes
Receive a report regarding the results of the sale of the City's Fiscal Year 2013/14 Tax and Revenue Anticipation Notes
PassedCommunity Discussion
This discussion was submitted to the City Clerk as part of the public record.
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Receive report on $2.5 million short-term borrowing from 2014
Authorize borrowing up to $15 million through tax anticipation notes
Authorize borrowing up to $30 million through tax anticipation notes
Authorize borrowing up to $35 million through short-term notes
Authorize borrowing money through short-term notes until tax revenue arrives
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