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Hampton Township council approves $1.5 million tax-and-revenue anticipation note

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Summary

Council adopted Resolution No. 1111 to finalize an annual $1.5 million tax-and-revenue anticipation note, authorized by the township solicitor and awarded to First National Bank as the lowest bidder; roll-call vote was 4 in favor, 1 abstention.

Hampton Township Council on Wednesday adopted Resolution No. 1111 to complete the township’s annual tax-and-revenue anticipation note process, approving a $1.5 million short-term borrowing to cover debt-service costs expected in January.

The finance director (name not specified) told council the resolution is the final administrative step…

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