Feb 28 Meeting - We Have a Warrant

Supt. John Hill noted that the Tax Anticipation Warrants discussed in last month's meeting have arrived. They were received on February 15. He said that the District will pay an effective rate of 3.625% to pay off the warrants, which had an interest rate of 2.50%. He remarked that this rate was 1.5% higher than last year's rate for Tax Anticipation Warrants.

Board member Pat Hughes noted that the sooner we pay these warrants off, the better. Board member Bob Nunamaker remarked that if the taxes were paid out to the district in a more timely manner, that these warrants might not be necessary.

In response to a question from resident Jim McNutt, Supt. Hill said that the total cost of these warrants is $36,800.

The Board approved the Treasurer's Report, which contained the information about the Tax Anticipation Warrants, by a vote of 5-0. Paula Zasadil and Doris Sadik were absent.