tax anticipation note

Definition of "tax anticipation note"
  1. A type of note that states or cities release based on the expectation of future tax collections, used to fund current government spending
How to use "tax anticipation note" in a sentence
  1. The city issued a tax anticipation note to overhaul the transit system in advance of the expected tax income.
  2. A tax anticipation note was released by the state government to fund the new education reforms pending the projected tax earnings.
  3. Given their immediate needs, they turned to a tax anticipation note to support the healthcare programs in lieu of awaiting the tax inflows.

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