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Board approves resolution to borrow up to $2 million against anticipated delinquent 2025 taxes
Summary
Treasurer Kate Wagner presented and the board approved a resolution to borrow up to $2,000,000 against anticipated delinquent 2025 real-property taxes and a related agency resolution under Section 87c of Act 206; both motions passed on roll call.
Treasurer Kate Wagner presented a Resolution to Borrow Against Anticipated Delinquent 2025 Real Property Taxes and a companion Resolution of Agency Pursuant to Section 87c of Act 206 during the March 26 meeting. The board approved the borrowing resolution authorizing up to $2,000,000 to cover anticipated delinquencies (motion by Commissioner Kraycs, second by Commissioner Lewis; roll call recorded ayes and one absence). The board also approved the Section 87c agency resolution (motion by Commissioner Frederick, second by Commissioner Moeller; roll call recorded).
The resolution title presented to the board read, "Resolution to Borrow Against Anticipated Delinquent 2025 Real Property Taxes up to two million dollars ($2,000,000)," and the motions were adopted at the meeting; no additional fiscal detail or repayment schedule was included in the presentation.
