Butte County rakes it in
A short-term loan will help ease budget woes
Butte County’s coffers are a little bulkier these days.
Officials announced last week that the county was successfully granted a Tax and Revenue Anticipations Notes (TRAN), or a short-term loan of more than $24 million meant to tide the agency over until property-tax revenues come in December and April.
TRANs, like all loans, are harder to come by in the current economy. Butte County will rely on the loan to help meet cash-flow requirements and financial obligations, including payroll, and will pay back the money in two lump sums in January and April.