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Penobscot County sets 6% delinquency rate, draws on ARPA for cash flow and selects Machias Savings Bank for short‑term tax anticipation note
2626323 · March 11, 2025
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Summary
Treasurer reported all 2024 tax levies paid; the commission set the delinquency interest rate at 6%, approved short‑term draws from ARPA for cash flow and awarded a nine‑month tax anticipation note to Machias Savings Bank at a rate of 5.049%.
Treasurer Glenn reported to the Penobscot County Commission on March 11 that the county’s 2024 tax levies have been paid in full.
The commission set the delinquency rate for late property‑tax payments at 6% for the 2025 levy, matching the prior year’s rate, after brief discussion. The motion to set 6% passed unanimously.
On shor…
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