Personnel & Finance Committee Mtgs. - 12.11.25

Washington County governing meeting · December 12, 2025

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34:33

Tax anticipation note and cash-flow update

PresentationDiscussion

0:37 → 3:29(2m 52s)

Speaker 1 (unnamed county official) reported the county could secure a six-month tax anticipation note for $15,000,000 to bridge cash shortfalls and explained arbitrage/legal constraints and cash-flow timing; Speaker 1 said using the note would cost roughly $152,003.72 in interest plus issuance costs but would allow earlier retirement-bill payment and save $42,000 in interest by paying in December rather than February.

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Washington County meeting focused on short-term cash management: officials approved seeking a six-month $15,000,000 tax anticipation note, multiple interfund transfers and budget amendments to cover payroll, self-insurance shortfalls and program charges, and a series of routine contract and appropriation votes.

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Transcript

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