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DeKalb committee authorizes tax‑anticipation note solicitations for 2025 operating and watershed needs
Summary
The committee approved staff requests to solicit bids and issue two series of tax‑anticipation notes (Series A and Series B) to bridge county operating cash flow and short‑term watershed capital costs until longer‑term bonds close.
DeKalb County’s Finance, Audit and Budget Committee on April 3 authorized county staff to prepare and distribute competitive solicitations for two 2025 tax‑anticipation note (TAN) financings: Series A, covering general fund operating needs, and Series B, bridging interim watershed capital costs until issuance of water and sewer revenue bonds.
Staff described the Series A TANs as the county’s operating cash‑flow borrowing between June and December, when property tax receipts lag disbursements. The Series B TANs are short‑term, non‑taxable…
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