FFD Loans California $77,000

posted Aug 6, 2009, 4:20 PM by Unknown user
As a result of the fiscal crisis in the State of California the Forestville Fire Protection District will be loaning the State of California the equilivent of  8% of it's property tax revenue from fiscal year 2008/2009 or $77,000.  By law the loan must be repaid within 3 years with interest.  The funds will be taken from the District's reserve account.
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