FY27 TAN Financing

The City of Ellsworth, Maine, is seeking proposals for its FY27 Tax Anticipation Note (TAN) financing, offering a $3,000,000 tax anticipation note for the year 2026. This solicitation, identified as 2026-GEN-007, was posted on May 19, 2026, with responses due by June 2, 2026, at 5:00 pm. The purpose of this financial instrument is to provide short-term funding to meet the city's operational cash flow needs before tax revenues are received. The request is managed by the city's Finance department, with Ashlie Brown, the Deputy Finance Director, serving as the primary point of contact. Interested parties can access further details and submit proposals through the city's procurement portal. The TAN will be a key financial tool for the city, designed to ensure liquidity and the continued delivery of municipal services. The solicitation is open to appropriate financial institutions, and there are no specific set-aside requirements or NAICS codes associated with the request. The procurement process emphasizes timely submission and compliance with the city's guidelines to secure this financing arrangement.