Authorize short-term borrowing to cover city expenses before tax revenue arrives
In Plain English
The city collects most property taxes in December and April, but pays expenses year-round. This creates cash flow gaps during summer and fall months. If approved, the city can issue short-term notes to borrow money and repay when tax payments arrive.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt resolution
6 to 0
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