Butler County is renewing its terms for a tax anticipation note this year.
The county reached an agreement with First National Bank to replicate the terms from their note in 2020.
The interest rate will stay at 1.97 percent.
Now the county commissioners say Butler’s had a good history of not having to use a tax anticipation note, and have no reason to believe it will be necessary this year.
A tax anticipation note essentially serves as an emergency line of credit from a local lender.
