It was reported in today's Conway Daily Sun that the mere mention of Carroll County considering bankruptcy caused the Bank of New Hampshire to freeze the county's line of credit. Currently, that line of credit as a Tax Anticipation Note or TAN , is in the amount of $4.5 million. Quoted in the article was newly hired County Administrator Ken Robichaud:
“Because of that word 'bankruptcy' and the way that Channel 9 put it in their intro, I received a call Monday morning from the Bank of New Hampshire saying that at this point they are freezing their TAN money until such time they feel comfortable that the county is not going to file for bankruptcy."
I'm not so sure it is fair to blame this on WMUR because the mention of bankruptcy came from the Commissioner's during their July 29th meeting. I suspect that once the budget issues are resolved , the line of credit will be restored. The County Delegation will once again meet on August 17th in Ossipee.
It is a lesson though for all public officials : be very mindful of what you say in public meetings.