Lincoln Officials Say Short-Term Loan Likely Unnecessary as Tax Receipts Arrive
Town staff reported the General Fund has interfund borrowed $75,628 to cover timing gaps; similar September property tax receipts to last year (about $814,985) would remove the need for a tax anticipation note, and the FY26 audit is underway with recommendations recorded.
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Town Administrator Trish Waugh presented the Treasurer’s update on short-term funding: "Taking into account the 9/1/26 AP Warrant the General fund has borrowed $75,628 from other reserve funds," she said, noting that September tax collections typically resolve timing gaps.
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