Receive report on $2.5 million short-term borrowing from 2014

Tax Anticipation NotesBudget

In Plain English

The city borrowed money in 2014 to cover expenses before property tax payments arrived later in the fiscal year. Tax and Revenue Anticipation Notes let cities borrow against expected tax income to maintain cash flow. City policy requires council to receive a report on how these borrowing deals performed financially.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: ButtSeconded by: Myrick
Passed

6 to 0

McLaughlinAye
BecklesAye
BoozéAye
MyrickAye
ButtAye
RogersAye