Hams County, Tex., to Sell $295M to Bridge Tax Gap

Albanese, Elizabeth
May 2006
Bond Buyer;5/31/2006, Vol. 356 Issue 32392, p3
Trade Publication
The article reports on the decision of Harris County, Texas to sell $295 million bonds on June 6, 2006 to bridge the tax gap. This is a deal that will provide interim funding for the county operations until property tax revenue starts rolling. The county has traditionally sold tax anticipation notes annually for leveling the mid-year revenue gaps. It is reported that the debt will be repaid by February 28, 2007 that is the last day of the county's 2007 fiscal year. The ratings of the bonds are to be released.


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