REMC to pay property tax installment

Monday, June 2, 2003

Parke County REMC's board of directors has authorized the local utility to pay a preliminary installment on this year's property taxes, even though the county hasn't issued tax bills yet. The process of reassessing property and adjusting billing amounts won't be completed until later this year. According to Robert McCullough, general manager, the cooperative's action should help local governments maintain adequate cash flow.

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