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Dimmit County court approves $5.615 million tax note at 3.61% to refinance debt
Summary
The Dimmit County Commissioners Court approved a $5.615 million short-term tax note to refinance existing debt, with the two‑year note carrying a 3.61% interest rate; county staff said funds are expected in October and the order was signed by the court.
The Dimmit County Commissioners Court voted to approve a $5,615,000 tax note intended to refinance parts of the county’s outstanding debt, the court recorded during its regular meeting. The financing was presented to the court as a two‑year note with an interest rate of 3.61%.
Court staff presented figures showing the county’s existing debt at about $22,500,000 and described a plan to buy $5,615,000…
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