City borrowing from gas fund to meet obligations
by Associated Press Published: January 7,2013
Tags: appropriation, borrow, budget, city, emergency, energy, finaces, fund, government, loan, municipal, municipality, natural gas, property, tax
OLIVE BRANCH — Olive Branch officials will borrow $1 million from the city’s natural gas fund to meet financial obligations. Mayor Sam Rikard tells the Commercial Appeal the funds would be repaid with interest once property tax collections come in. It’s not uncommon for cities to take out tax anticipation loans. Officials may borrow from [...] [...]
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