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.
Shop ‘Small’ this Saturday 2015 is the year...
TRIAD celebrates Thanksgiving Read more
Coaches fight in front of students Video, pictures,...
Operation Christmas Child gift boxes deliver hope, joy to kids It’s collection...