Shortfall loan may up debt by millions
County supervisors voted Monday to take the next step toward a loan in anticipation of taxes, after learning that the amount they can borrow may substantially exceed first estimates.
Board attorney Ellis Pittman said gaming tax revenues can be added to the amount anticipated from property taxes and that up to 25 percent of that amount could be borrowed.
“We’re looking for a fiscal year tax,” county administrator Michael Thompson said.
“All (property taxes and gaming tax revenue) can be considered taxes that you can get an anticipation loan on,” Pittman restated.
Old Man Winter comes calling Heavy rains Sunday night...
Feds raid Pittman business On Thursday, Feb....
Co. sets sights on vote plan Three years after...
Two applications underway for local charter schools Part one of a series...
Charter proposals draw mixed reviews Though two letters...