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Penobscot County authorizes up to $11.2M TAN, approves temporary $2M ARPA loan and certifies municipal levy
Summary
The commission unanimously authorized a tax anticipation note (TAN) authorization up to $11.2 million, approved borrowing $2 million from ARPA funds as a short-term cash bridge, and voted to accept the municipal tax levy as presented.
Penobscot County commissioners on Feb. 4 authorized staff to pursue a tax anticipation note (TAN) up to $11.2 million, approved a temporary $2 million internal loan from ARPA funds to cover near‑term cash needs, and voted unanimously to certify the county’s municipal tax levy before bills are sent.
Glenn, the county treasurer, presented the municipal levy materials and valuation information, noting the county’s mill rate moved modestly and some…
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