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North Bennington trustees authorize up to $250,000 tax anticipation note if needed
Summary
The Village of North Bennington Board of Trustees authorized Treasurer Doug Buggee and Trustee Chair Mary Rogers to sign a tax anticipation note up to $250,000 to cover expenses if cash-flow shortages arise before tax receipts arrive, following a motion by Trustee Scott Creedy that carried at the July 7 meeting.
On July 7, 2026, the Village of North Bennington Board of Trustees authorized the village treasurer and the chair to sign a tax anticipation note of up to $250,000 if needed to cover operating expenses ahead of property-tax receipts.
Treasurer Doug Buggee said the village's reserves were funded but that cash is typically thin from July through September. Trustee Scott Creedy moved to authorize Treasurer Buggee and Trustee Chair Mary Rogers to sign a tax anticipation note up to $250,000; Trustee David Shaughnessy seconded and the motion carried.
The authorization is procedural: it permits the village to secure short-term financing should summer highway or other projects require cash before tax revenues arrive. Trustee and staff follow-up will include final reconciliation to determine whether the note is necessary.
