Montco Takes Out Loan

moneyThe Montgomery County Commissioners are borrowing money to pay the bills for the first quarter of this year.

They have approved a short-term Tax Anticipation Loan of $30 million to cover costs until tax money for the year starts coming in, probably in March.

The interest rate is slightly over two percent, and the money must be paid back by the end of this year.

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Address: 1210 Snyder Road
Lansdale, PA 19446

Phone: (215) 855-8211

Phone: (215) 723-2116