Supervisors to Borrow $4.5 Million

Lauderdale County supervisors Monday night voted to borrow $4.5 million. The county will solicit bids for the best interest rate.

It's called a tax anticipation note and is meant to help the county cover expenses during the lean months of October, November and December.

In the past, the county has borrowed money from other funds within the county for this purpose.

But supervisors were told they could no longer do that.

This money is for general operating expenses for the county.

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