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Commissioners direct finance staff to track early municipal TAN payments, shield early payers from 2026 interest
Summary
At the Nov. 19 Budget Advisory Committee workshop, Washington County commissioners unanimously directed the Finance Department to separately track municipalities that pay portions of the 2025 Tax Anticipation Note (TAN) before Dec. 31, 2025, and to separately track municipalities paying 2026 assessments early; the commissioners also stated early 2025 TAN payers will not be responsible for any additional 2026 interest on the 2025 TAN.
Washington County commissioners on Nov. 19 directed the Finance Department to separately track municipalities that pay their portion of the 2025 Tax Anticipation Note (TAN) before Dec. 31, 2025, and to separately track any municipality that chooses to pay their portion of the 2026 tax assessment early.
Commissioner David C. Burns made the motion, which Commissioner Billy Howard seconded; the motion was recorded as passing with all in favor. The commissioners also stated that municipalities that pay early on the 2025 TAN "will not be responsible for any additional interest accrued in 2026 for the 2025 TAN," according to the meeting record.
The directive orders the county Finance Department to establish separate tracking for early municipal payments on both the 2025 TAN and early 2026 assessments. The transcript does not specify how the Finance Department will implement the tracking, whether separate accounting codes or reporting will be used, or a timeline for reporting back to the board.
