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Strafford County delegation approves second round of tax anticipation borrowing to cover 2025 cash shortfall
Summary
The Strafford County delegation approved a second round of tax anticipation notes up to about $17.98 million to cover cashflow through the second half of 2025, after questions about interest costs and calls to study whether earlier municipal collections could reduce borrowing.
Strafford County legislators voted to authorize a second round of tax anticipation borrowing for 2025 to cover county cashflow needs through the second half of the year.
The delegation moved to "approve the second round of anticipation notes borrowing up to $17,980,000 for 2025," a motion moved by Representative Paul and seconded by Representative Howard. The motion passed by a voice/roll-call process; the chair announced, "Motion passes 10 to 4."
Why it matters: The notes let the county bridge operations until property tax revenue is collected in mid-December. Delegates said the borrowing is a cash-management step tied to the budget the delegation already adopted and is not a new spending program.
Treasury staff told the delegation it could not fully fund remaining obligations from cash on hand.…
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