$750,000 Tax Anticipation Note Repayment
Summary
Council paid off the $750,000 note taken earlier this year to cover pension obligations, costing $765,445.61 with interest and fees.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Aug 3, 2026.
Impact analysis
The payoff costs the borough $765,445.61 total — $15,277.60 in interest plus fees on the $750,000 note.
The borough's finances, by retiring the note used to cover 2026 pension (MMO) obligations.
Mentions & discussions (2)
Borough of Dormont - Aug 3, 2026
Council paid off the $750,000 note taken earlier this year to cover pension obligations, costing $765,445.61 with interest and fees.
Supercommittee - Jul 20, 2026
The borough is repaying in full the $750,000 note it took out to cover minimum municipal obligation payments, using a six-month grace period to collect taxes first.
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