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Penobscot County approves $15.8 million tax anticipation note; adopts 2026 municipal tax assessment
Summary
Penobscot County commissioners on Feb. 27 approved a $15.8 million tax anticipation note to cover operating cash needs and unanimously adopted the county's 2026 municipal tax assessment of $29,009,406; commissioners also approved printed warrants by voice vote.
Penobscot County commissioners voted unanimously Feb. 27 to issue a $15,800,000 tax anticipation note and to adopt the county's 2026 municipal tax assessment of $29,009,406.
Finance Director Trevor Moore asked the commission to approve the tax anticipation note, explaining that under federal tax law a portion of the issuance is tax-exempt up to the statutory limit and noting that the county received no competing bids before finalizing terms with the named lending institution. "We have the tax anticipation note that…
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