Town of Cavendish Annual Town Meeting Warning Feb 2026
Tax Anticipation Note Repaid to Berkshire Bank
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Description
Cavendish borrowed $425,000 from Berkshire Bank via a tax anticipation note in July 2024 to support cash flow until tax revenues were received. The note was fully repaid in October 2024.
Contract Details
Contract Amount
$425,000 (Tax Anticipation Note)
Vendor
BERKSHIRE BANK
Agency
Town of Cavendish, VT
Contract Type
FINANCIAL_SERVICES
Document Date
February 26, 2026
Contract Term
Borrowed July 1, 2024; repaid October 25, 2024
Renewal Date
2024-10-25
Renewal Info
One-time, short-term borrowing to bridge tax receipts; future cash flow needs may result in new notes.
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AWARDEDMore from Town of Cavendish
town-of-cavendish-capital-plan-fy-2027-2032_477.pdf
town-of-cavendish-capital-plan-fy-2027-2032_477.pdf
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Cavendish Select Board Meeting Minutes March 2026
Town of Cavendish Annual Town Meeting Warning Feb 2026
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