tax anticipation notes (TANs)

简明释义

税收供付票据

英英释义

例句

1.During budget shortfalls, municipalities rely on tax anticipation notes (TANs) to maintain essential services.

在预算短缺期间，市政当局依靠税收预期票据 (TANs)来维持基本服务。

2.The school district sold tax anticipation notes (TANs) to fund new construction projects before tax revenues arrived.

学区出售了税收预期票据 (TANs)以资助在税收收入到达之前的新建设项目。

3.When planning their budget, officials must consider the timing of tax anticipation notes (TANs) repayment.

在规划预算时，官员们必须考虑税收预期票据 (TANs)还款的时间安排。

4.The city issued tax anticipation notes (TANs) to cover its immediate cash flow needs until property taxes were collected.

市政府发行了税收预期票据 (TANs)以满足其在征收财产税之前的即时现金流需求。

5.Investors often buy tax anticipation notes (TANs) because they are considered low-risk and provide a quick return.

投资者通常购买税收预期票据 (TANs)，因为它们被视为低风险并且提供快速回报。

作文

In the world of finance and public administration, managing cash flow is crucial for ensuring that governmental entities can meet their obligations. One financial instrument that plays a significant role in this process is tax anticipation notes (TANs). These short-term debt instruments are issued by municipalities to cover anticipated tax revenues that have not yet been collected. Essentially, tax anticipation notes (TANs) allow local governments to bridge the gap between the timing of tax collections and the expenditure needs of the community.Municipalities often face periods of cash shortfalls due to the timing of tax payments. For instance, property taxes are typically collected on an annual basis, but local governments need funds throughout the year to pay for essential services such as education, public safety, and infrastructure maintenance. This is where tax anticipation notes (TANs) come into play. By issuing these notes, a government can receive immediate cash to fund its operations while waiting for tax payments from residents and businesses.The process of issuing tax anticipation notes (TANs) involves several steps. First, the municipality must estimate its expected tax revenue for the upcoming fiscal year. Based on this estimate, the government can determine how much it needs to borrow through TANs to cover its cash flow needs until the tax revenue is received. Once the amount is determined, the municipality works with financial institutions to issue the notes, which are sold to investors.Investors are attracted to tax anticipation notes (TANs) because they are generally considered low-risk investments. Since these notes are backed by the anticipated tax revenues, there is a high likelihood that the municipality will be able to repay the borrowed amount once the taxes are collected. Moreover, TANs usually offer a competitive interest rate compared to other short-term investment options, making them an appealing choice for investors looking for safe, short-term returns.However, there are challenges associated with tax anticipation notes (TANs). If a municipality overestimates its tax revenue or faces unexpected delays in tax collection, it may struggle to repay the notes. This situation can lead to financial strain and potentially affect the municipality's credit rating. Therefore, careful planning and accurate forecasting are essential when utilizing TANs as a financing tool.In conclusion, tax anticipation notes (TANs) serve as a vital financial mechanism for municipalities to manage their cash flow effectively. By allowing local governments to access funds in advance of tax collections, TANs help ensure that essential services are maintained without interruption. While they present certain risks, when used judiciously, tax anticipation notes (TANs) can be a beneficial tool for managing public finances and supporting community needs.

在金融和公共管理的世界中，管理现金流对确保政府实体能够履行其义务至关重要。一个在这个过程中发挥重要作用的金融工具是税收预期票据（TANs）。这些短期债务工具由市政当局发行，以覆盖尚未收取的预期税收收入。本质上，税收预期票据（TANs）允许地方政府在等待居民和企业的税款时，弥补税收征收与社区支出需求之间的差距。市政当局经常面临由于税款支付时间而导致的现金短缺。例如，财产税通常按年度收取，但地方政府需要资金来支付教育、公共安全和基础设施维护等基本服务。因此，税收预期票据（TANs）应运而生。通过发行这些票据，政府可以获得立即的现金以资助其运营，同时等待居民和企业的税款支付。发行税收预期票据（TANs）的过程涉及几个步骤。首先，市政当局必须估算即将到来的财政年度的预期税收收入。基于此估算，政府可以确定需要通过TANs借款的金额，以覆盖其在税收收入到账之前的现金流需求。一旦确定了金额，市政当局就会与金融机构合作，发行这些票据，并将其出售给投资者。投资者对税收预期票据（TANs）感兴趣，因为它们通常被认为是低风险投资。由于这些票据是由预期的税收收入支持的，因此市政当局在税款收取后偿还借款的可能性很高。此外，TANs通常提供与其他短期投资选择相比具有竞争力的利率，使其成为寻求安全、短期回报的投资者的理想选择。然而，使用税收预期票据（TANs）也面临挑战。如果市政当局高估了其税收收入或面临税收收集的意外延迟，它可能会在偿还票据方面遇到困难。这种情况可能会导致财务压力，并可能影响市政当局的信用评级。因此，在使用TANs作为融资工具时，谨慎的规划和准确的预测至关重要。总之，税收预期票据（TANs）作为市政当局有效管理现金流的重要金融机制。通过允许地方政府在税收征收之前提前获取资金，TANs帮助确保基本服务不间断地维持。尽管它们存在某些风险，但如果明智地使用，税收预期票据（TANs）可以成为管理公共财政和支持社区需求的有益工具。