Belfast and Searsmont are considering borrowing money to maintain their cash flows, as officials wait for a school budget to be approved before sending out tax bills.
City Manager Joseph Slocum asked councilors to approve a first reading of a proposal to potentially borrow up to $3 million through the issuance of a tax anticipation note. Slocum said the city's undesignated fund balance, or surplus, is down to ...
↧