Natchez considers tax anticipation loan - KNOE 8 News; KNOE-TV; KNOE.com |

Natchez considers tax anticipation loan

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NATCHEZ, Miss. (KNOE 8 News/AP) - Six weeks away from the start of a new fiscal year, Natchez officials are expecting to take out a tax-anticipation loan to cover expenses.

He is hoping to make it to the end of the fiscal year, which is Sept. 30, without taking out the loan. He said, however, he believes the city will need the loan.

The Natchez Board of Aldermen voted earlier in the fiscal year to take out a $300,000 tax-anticipation loan in October 2012, which was paid back by a March 15 deadline.

Mayor Butch Brown said he does not have a problem taking out a tax-anticipation loan. Brown said the loan covers expenses during the city's slow part of the year.

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