Lycoming approves tax-anticipation note and resolution tied to state budget impasse
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Summary
The county approved a resolution to issue a tax and revenue anticipation note and the related financing agreement as a stopgap while urging state lawmakers to resolve a budget impasse affecting county programs and services.
Lycoming County commissioners voted to approve Resolution 2025-19 authorizing issuance of a tax and revenue anticipation note and approved the related tax and revenue anticipation note agreement for Series 2025-A during the meeting. Commissioners framed the actions as necessary because state-level budget delays were affecting county programs, schools, food banks and other services.
A commissioner urged state legislators to remain in Harrisburg until the impasse is resolved, saying the lack of a passed budget is “affecting every walk of life.” The board voted by voice to approve both the resolution and the financing agreement.
The commissioners described the notes as a temporary cash-management step to bridge timing gaps caused by the state budget situation. No specific note amount or fiscal terms were discussed on the public record during the meeting; the county said the actions were taken to maintain county operations amid delayed state disbursements.
Commissioners reiterated that they continued to press state lawmakers for a timely resolution so that county programs reliant on state funds can resume on a normal schedule. The approval included direction to staff to proceed with the financing documents as authorized by the resolutions.