Commissioners approve tax‑and‑revenue anticipation note amid state budget impasse
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Summary
The Lycoming County commissioners approved a resolution authorizing a tax‑and‑revenue anticipation note to bridge county cash needs caused by the state budget impasse; commissioners urged state legislators to resolve the impasse that is affecting local services and programs.
Lycoming County commissioners voted Thursday to approve a resolution authorizing the issuance of a tax‑and‑revenue anticipation note to address cash-flow needs arising from a state budget impasse. County officials said the note is intended to bridge short-term gaps caused by delayed state funding.
The board approved Resolution 25‑19 (issuance of a tax‑and‑revenue anticipation note) and discussed a related series 2025 agreement for the note. Commissioners expressed concern that delayed state action on the budget is affecting local institutions and services, from schools to food banks, and they urged state legislators to resolve the impasse.
County staff characterized the note as a short-term financing measure to maintain county operations while state appropriations remain unsettled; the board approved both the resolution authorizing issuance and the specific financing agreement referenced as Series 2025‑A during the meeting. No further details on borrowing terms or repayment sources were provided in the public record at the meeting.
Commissioners said the situation underlines the practical impacts of the state impasse on county programs and that they will continue to press for a legislative solution in Harrisburg. The county did not announce specific allocations of the proceeds at the meeting.