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Oxford County accepts Norway Savings bid for up to $5,000,000 TAN at 3.98%
Summary
The Commissioners accepted a Norway Savings Bank bid for the 2026 Tax Anticipation Note (TAN) for up to $5,000,000 at an interest rate of 3.98%; the decision was reported by Treasurer Beth Calhoun and Finance Director Lindsay Kay.
Oxford County Commissioners on April 21 accepted a bid from Norway Savings Bank for the county's 2026 Tax Anticipation Note (TAN) of up to $5,000,000 at a 3.98% interest rate, Treasurer Beth Calhoun and Finance Director Lindsay Kay reported.
Calhoun and Kay presented competing proposals from Norway Savings Bank and Androscoggin Bank; Commissioners accepted the Norway Savings bid. The TAN provides short-term cash flow ahead of property-tax receipts and was authorized at the amount and rate reported; the record does not show a roll-call vote but notes that, unless otherwise stated, votes were unanimous.
