Merrimack County approves RFP for up to $25 million Tax Anticipation Note
Finance Director Aaron Turner asked the Board to authorize a public RFP for a Tax Anticipation Note (TAN) of up to $25 million to address near‑term cash flow; the Board approved the RFP and borrowing authorization 3–0.
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Finance Director Aaron Turner asked the Merrimack County Board of Commissioners on July 13 to authorize a public Request for Proposals for a Tax Anticipation Note (TAN) to meet near‑term cash needs. Turner said the County completed a $25 million TAN in March and retains $35 million of previously authorized borrowing capacity; based on current cash‑flow projections he recommended issuing a second TAN of $20 million in late August while authorizing borrowing up to $25 million.
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