News Sections
Audio
Bedford Applies For Tax Loan
Updated May 5, 2013 12:58 AM | Filed under: WBIW News
 Print    Archive    RSS

(BEDFORD) - The Bedford Board of Works and Safety met Monday afternoon and opened bids from several local banks to obtain a general tax loan.

Bids were received from Monroe Bank, Hoosier Hills Credit Union and Jackson County Bank. After examining the interest loan rates and amount of loan allowed by each bank, the board decided to go with Monroe Bank with their 4.6% rate and a loan account of $4.5-million.

Clerk-Treasurer Donna Brumbaugh says the city will probably use $1.3-million initially to help with unexpected expenses. Also the money will be used to help pay for the new fire truck. Brumbaugh says the extra money hopefully won't be needed but is being used as a cushion just in case.



« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

Advertise with 1340 AM WBIW
Advertise with 1340 AM WBIW


1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2014 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Advertise  |  Careers  |  About  |  Feedback