LaFayette, GA – Walker County’s financial status continues to show significant improvement. For the second year in a row, Sole Commissioner Shannon Whitfield repaid two Tax Anticipation Notes (TAN) well before an end of year deadline. In August, the Bank of LaFayette and First Volunteer Bank agreed to loan Walker County up to $6 million, … Continue reading Whitfield Hand Delivers Checks to Pay Off Two Loans Early
In January 2017, Walker County faced an $8 million shortfall in operating expenses for the year. The county addressed the financial crisis through a series of moves to cut expenses, improve efficiencies and using $7.5 million of an $8 million line of credit, which was paid off early on December 22, 2017. This year, TAN’s are $2 million less than the amount authorized last year. Commissioner Whitfield aims to reduce the need for TAN’s by $2 million each year until the cycle is broken.
LAFAYETTE, GA – Walker County Sole Commissioner Shannon Whitfield successfully repaid two Tax Anticipation Notes (TAN) before an end of year deadline, saving the county an estimated $12,194 in interest. Walker County borrowed $4 million from the Bank of LaFayette in January and received a $4 million line of credit from First Volunteer Bank of … Continue reading Walker County Pays Off $7.5 Million in Loans Early