Just a couple of questions. Do you collect taxes one, two, three or four times a year? In Barre Town we went to four quarterly installments with the payment due in the middle of each quarter. This has helped our cash flow immensely.
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Hope someone out there can provide some input.
Windsor currently borrows in anticipation of taxes on July 1 of each
fiscal year, with payment due on June 30. Unfortunately, the town
usually has a negative cash flow on June 30 so we use the proceeds of
the next loan to pay off the current one. How do other towns handle
this? Are there other options for handling cash flow shortages during
Your input will be greatly appreciated as this issue is being blown out
of proportion, as do so many issues in small town government.
Sherrill - Town Treasurer