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As you receive your Winter Tax Bill, there are a few key points to remember.
- There will be two line items for the Capital Assessment. This is because there are two separate bond issuances, therefore the accounting software required us to print on two lines. The two lines combined make up the entire Capital Assessment.
- Line 1 is for the first bond issuance of $80M (Principal and Interest). This appears as FLTF Bond 1 for Midland County residents and SP 604 FLTF for Gladwin County residents.
- Line 2 is for the second bond issuance for the remaining project costs (Principal only). This appears as FLTF Bond 2 for Midland County residents and SP 605 FLTF for Gladwin County residents.
- There will be one line item for Operations & Maintenance (O&M) Assessment. This appears as FLTF O&M for Midland County residents and SP 603 FLTF for Gladwin County Residents.
We covered this in detail during the December 1 webinar. Please see the link below to view the full slide deck or a video of the webinar.
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