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Strafford County commissioners award $24 million tax-anticipation borrowing to lowest bidder
Summary
The Strafford County Board of Commissioners voted unanimously to award a $24,000,000 tax-anticipation borrowing to the lowest bidder, reported at 3.55% interest; officials scheduled document signing for the following morning.
The Strafford County Board of Commissioners voted unanimously to award a $24,000,000 tax-anticipation borrowing to the lowest bidder, Speaker 2 reported during the board’s meeting. "The lowest bid is from Northway Bank at 3.55% for the full $24,000,000 that we're looking to borrow, for a period of January 3rd through December 30, 2025," Speaker 2 said.
The bids were due at 11 a.m.; the board received three bids, Speaker 2 said. Speaker 2 also reported that M&T Bank called in a modified rate of 3.74%, but the board recorded Northway…
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