Middletown Ohio


Find us on
 Google+ and Facebook


 

Home | Yearly News Archive | Advertisers | Blog | Contact Us
Wednesday, May 24, 2017
FORUM CITY SCHOOLS COMMUNITY
  New Posts New Posts RSS Feed - Tax Anticipation Notes
  FAQ FAQ  Forum Search   Events   Register Register  Login Login


Tax Anticipation Notes

 Post Reply Post Reply
Author
 Rating: Topic Rating: 1 Votes, Average 5.00  Topic Search Topic Search  Topic Options Topic Options
409 View Drop Down
Prominent MUSA Citizen
Prominent MUSA Citizen
Avatar

Joined: Mar 27 2009
Status: Offline
Points: 1009
Post Options Post Options   Thanks (0) Thanks(0)   Quote 409 Quote  Post ReplyReply Direct Link To This Post Topic: Tax Anticipation Notes
    Posted: Oct 21 2014 at 10:45am
MJ:
Middletown school district to borrow $3.5 million
By Rick McCrabb

Staff Writer
MIDDLETOWN —
It will cost the Middletown City School District between $40,000 to $50,000 to borrow and pay back $3.5 million in Tax Anticipation Notes (TANS), said Randy Bertram, the district’s treasurer.

He said the district has about $7 million in cash flow, but won’t receive additional tax receipts from the Butler County Auditor’s office until March or April 2015.

“It’s timing,” he said.

He expects the district to purchase the bonds in early December, and pay the money back by May 1, 2015. He said the money must be paid back within the same fiscal year. He said the money will be used for the operational needs of the district.

Bertram hopes borrowing the money is a one-time occurrence because the district expects to make additional budget cuts. If the district needs to borrow money again next year, he anticipates needing about $1.75 million.
Every morning is the dawn of a new error...
Back to Top
VietVet View Drop Down
MUSA Council
MUSA Council
Avatar

Joined: May 15 2008
Status: Offline
Points: 5794
Post Options Post Options   Thanks (0) Thanks(0)   Quote VietVet Quote  Post ReplyReply Direct Link To This Post Posted: Oct 21 2014 at 11:47am
Just gave them the bond money for their new school. Now, an early notice sales pitch hint by the school people with their endless barrage of money requests from the money starved taxpayer........and the voters keep giving them what they want without holding any of these people accountable for anything. Unbelievable. Do the school supporters ever get tired of being used by this poor performing investment? If a new levy is proposed at some future date, isn't it about time to draw the line in the sand folks? Have you considered what you are getting for your money?
I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over.
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down



This page was generated in 0.094 seconds.
Copyright ©2017 MiddletownUSA.com    Privacy Statement  |   Terms of Use  |   Site by Xponex Media  |   Advertising Information