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Strafford County plans $24 million tax-anticiaption borrowing and early-2025 bond sales to cover cash flow
Summary
County finance staff told commissioners they will secure $24 million in tax anticipation notes to fund the first half of 2025, estimate interest costs and plan to issue bonds for capital projects early next year while pursuing bond ratings and monitoring market rates.
County finance staff told commissioners the county will secure short-term tax anticipation notes (TANs) to cover cash-flow timing and payroll while awaiting property-tax receipts. The administration said it has authorization to seek $24,000,000 in TANs for the first half of 2025 and will adjust final interest-cost estimates after bids close before formal budget approval.
Why it matters: Strafford County receives roughly half…
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