County meets deadline to make payment to bank for 2025 TAN
The Washington County government made it to the bank on time, paying its 2025 tax-anticipation note (TAN) to Machias Savings Bank on February 18, two days before the due date.
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Most all towns to prepay TAN to help bail out county
While it appears the Washington County government may have raised enough funds from municipalities to be able to pay its tax-anticipation note (TAN) to Machias Savings Bank by February 20, the meeting of that obligation is coming at a significant cost to the towns in the county.
Bankruptcy bill not supported during hearing
On January 21, the Maine legislature's Committee on State and Local Government held a hearing regarding LD 2009, a bill sponsored by Senator Marianne Moore of Calais that would allow political subdivisions, including municipalities and counties, to declare bankruptcy.
County adopts budget with 17.3% increase
With the adoption of a budget on December 17 with $11.6 million to be raised by taxation and so far about half of the towns in the county agreeing to prepay on the estimated $8 million tax-anticipation note (TAN) that the county owes for the current year's budget...