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Council approves $12.5M revenue anticipation note for Saint George Fire Protection District; district leaders cite cash-flow needs
Summary
The council authorized a $12.5 million revenue anticipation note for Saint George Fire Protection District No. 2 to provide temporary operational cash until property-tax receipts arrive; the measure drew comment from district commissioners raising response-time and station construction concerns.
The Metropolitan Council granted approval for Saint George Fire Protection District No. 2 to issue a revenue anticipation note not to exceed $12.5 million. The note is intended to address the fire district’s operational cash-flow gap while property-tax revenues are collected in the district’s typical revenue cycle.
The item was presented as a routine financial authorization; Councilman Hudson moved and Councilman Hurst seconded the motion to approve. The district’s president, Jason Turner, told the council the note “provides operational funds to simply pay people”…
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