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County Votes To Increase Line Of Credit
R.N. DeVane - July 23, 2015 The Lamar County Board of Commissioners moved Tuesday to raise its tax anticipation line of credit from $3 million to $4 million dollars. The increase comes in the wake of lower than expected revenue collections.
According to Lamar County administrator Bob Zellner, only about 21 percent of this year�s budgeted funds have been collected so far. �I don�t think this has historically ever happened in the county where we�ve had this kind of cash flow problem and this kind of issue with the revenues not coming in,� said District 4 member Nancy Thrash. �It�s a cash flow issue,� Commission Chairman Charles Glass added just prior to Tuesday night�s vote. Complete audio from the discussion and vote is attached below.
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