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Ossipee Select Board approves $3.24 million TAN, amends budget and zoning‑truck warrant article
Summary
Select Board authorized a $3.24 million tax anticipation note with Bank of New Hampshire, adopted a $9,602,111 operating budget (1.7% increase) and amended a warrant article to set a $1,210,000 zoning‑truck amount; members discussed cash‑flow timing tied to village‑district posting errors.
The Select Board of Ossipee Town voted to authorize a tax anticipation note (TAN) to manage interim cash flow while the town awaits completion of village‑district postings needed to set the tax rate.
Chair read a motion authorizing the town administrator to arrange with the Bank of New Hampshire a TAN for fiscal year 2025 in the principal amount of $3,240,000 at a rate of 4.875% per…
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