To borrow funds between tax payment dates, city governments can issue

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Tax anticipation notes are short-term debt obligations issued by a government entity, such as a city, to borrow funds before tax payments are received. These notes are intended to be repaid with the tax revenues that are collected later in the year, making them a suitable option for borrowing between tax payment dates. Corporate bonds, general obligation bonds, and revenue bonds are not specifically designed for this purpose and may not be as well-suited to addressing short-term cash flow needs.

To Borrow Funds Between Tax Payment Dates, City Governments Can