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