City arranges as-needed bank loan for...

City arranges as-needed bank loan for 2011

There are 2 comments on the Lebanon Daily News story from Dec 7, 2010, titled City arranges as-needed bank loan for 2011. In it, Lebanon Daily News reports that:

To cover payroll and other expenses incurred at the beginning of next year before tax payments start rolling in, Lebanon City Council at a special meeting Tuesday afternoon unanimously approved on introduction the acquiring of a Tax Revenue Anticipation Note.

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incredible

Harrisburg, PA

#1 Dec 8, 2010
I wonder which two Republican Lebanon County Commissioners taught the Mayor to balance budgets with private bank loans ?

Kick the can down the road with long term private bank loans and just call it a balanced budget.

When will this Republican lead lunacy end ?

Just raise taxes or fire employee's, but balance the budget and get over it.

Paying interest rates to a private bank out of a tax money that is has already been deemed to have shortfalls for the current city budget, gets the city where ?
mike

New Holland, PA

#2 Dec 8, 2010
the idea was submitted by the EIT Bureau

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