Monday, October 08, 2012

Sullivan County Takes Advantage of Low Interest Rates
Money from property taxes will start coming in by December as they are due by February. Until then Sullivan county plans to take advantage of low interest rates by getting a two million dollar loan. The Bank of Tennessee is providing an interest rate of well below one percent for a loan expected to be paid back by the end of the fiscal year or June 30th. The tax anticipation note will allow the county to operate until residents start paying. Commissioners say the loan will provide cash-flow for the general fund which is now needed after reserves have been depleted from trying to keep up with a slow economy. Over the past four years reserves have dropped from about 12 million dollars to 5 million, which led to the property tax increase of 20 cents in July. Some Sullivan County residents have complained that the government shouldn’t be borrowing money to pay bills, even though this is the first time Sullivan County has done so. Last year they borrowed to cover the schools budget. (bg)

Thursday, October 30, 2014

  • Man Killed by Train in Johnson City Identified
  • Man Found Shot to Death in Home in Greene County
  • Bridge in Kingsport to Carry The Name of Decorated Vietnam Soldier
  • Boone Lake Reservoir Going Down Five Weeks Early for Sinkhole, Seepage Investigation
  • Johnson City Man Charged in Restaurant Burglary
  • Federal Funding Problems Delay Northeast Tennessee Road Projects
  • Meth-Making Charges Filed Against Damascus Man
  • VDOT Gets More Funding, More Equipment for 2014-15 Snow Removal
  • Victim Says A Woman Tried to Run Him Over Three Times on I-26
  • Russell County Crash Still Under Investigation
  • Jury Finds Blountville Man Guilty of First Degree Murder
  • Review: Deadly Force Justified in Washington County, Virginia Killing
  • Elizabethton School Superintendent Calls Fox News Report 'Absurd'
  • Johnson City Man Stopped for Speeding, Arrested for Marijuana Possession
  • "Incest Dad" from Bristol Sentenced to 27 Years in Prison
  • MTSU Poll: 'Yes On 1' Issue Could be Too Close to Call
  • Appalachian Biofuels Chooses Russell County for New Headquarters, Plant
  • Elizabethton Man Charged with Two Counts of Rape



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