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INDEPENDENCE – For the second year in a row, Grayson County leaders were forced to borrow money after cash-flow challenges.
Grayson County Administrator Jonathan Sweet told the board of supervisors during its regular meeting Aug. 13 that the first drawdown of $2 million was received the day before.
Sweet told The Gazette that the county took out a Tax Revenue Anticipation Note with Carter Bank & Trust by way of competitive bid to assist the county with cash-flow deficiencies.
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