Interfund Tax Anticipation Notes

At a glance

• What: RS2026-1962 authorizes Metro to issue interfund tax anticipation notes of not more than $208,000,000 in aggregate principal amount. These are short-term notes between Metro's own funds.
• Where it stands: Approved May 19, 2026 on the consent agenda, 31 yes, 0 no, 0 abstain, after Budget and Finance Committee approval.
• Related: Fiscal Year 2027 Operating Budget.

Detail

• It was one of the consent items voted together. Yes (31): Suara, Porterfield, Allen, Hill, Kimbrough, Toombs, Gamble, Cortese, Parker, Capp, Harrell, Webb, Evans, Bradford, Huffman, Gregg, Vo, Cash, Kupin, Horton, Gadd, Preptit, Nash, Benton, Ellis, Sepulveda, Rutherford, Styles, Lee, Ewing and Spain.
• The minutes record no debate and do not give the note term or interest terms.

Sources

• Metropolitan Council minutes, May 19, 2026: https://nashville.legistar1.com/nashville/meetings/2026/5/2305_M_Metropolitan_Council_26-05-19_Meeting_Minutes.pdf

Log

2026-05-19 - Metropolitan Council

Approved on the consent agenda, 31-0-0.