Receive report on $2.5 million short-term borrowing from 2014
Tax Anticipation NotesBudgetReport
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
Motion · Official minutes
Approve consent calendar
Passed
6 aye · 0 nay
BBBMMR
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