To The Daily Sun,
Having just attended the Belknap County Delegation's Executive Committee meeting of December 20 regarding “Tax Anticipated Note (TAN) for $12,000,000” necessary to offset encumbrances in Fiscal Year 2018 as directed by the County Commission of the county treasurer, I offer the following.
Other than a reporter I was the only member of the public present. One reason why the general public was not present is because the notice published in the newspaper does not include the address of the county complex as other county notices; “County Complex, 34 County Drive, Laconia, NH in Conference room #1.”
The ultimate vote by the delegation was to authorize the county treasurer to borrow up to $15 million, an amount not requested by the commission or the county treasurer.
The law is clear. It was made very clear that no matter what the amount for TAN (Tax Anticipation Notes) borrowing authorized, that bond counsel may not allow the $15 million or $12 million. In fact the bond counsel may refuse to issue a bond in either amount because of the irregularity of the notice which may not comply with RSA 91-A: 2, II.
In fact because of questions that have risen regarding the possible failure to have conducted a public hearing, the 2018 budget process may not have taken place.
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