Fiscal Year Memo #2026-04: Late Penalty Interest Rate
The purpose of this memo is to advise departments that the late penalty interest rate for July 1, 2025 – December 31, 2025, is 4.50% per annum (Daily Interest Rate = 0.0001233).
The purpose of this memo is to advise departments that the late penalty interest rate for July 1, 2025 – December 31, 2025, is 4.50% per annum (Daily Interest Rate = 0.0001233).