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)

Wednesday, July 30, 2014

  • Johnson City Woman Accused of Stealing Doctor's Pad to get Prescriptions
  • Wellmont Narrows Potential Merger Partners to Three
  • Court Records Reveal Criminal Past of Man Wanted for Kingsport Shootings
  • New Charge Delays Preliminary Hearing for Woman Charged with Stabbing Husband for "Worshipping" NASCAR
  • Tennessee Supreme Court Chief Justice Gary Wade Campaigns in Sullivan County
  • Smyth County Drug Bust
  • Second Country Boy Robber Arrested
  • Sullivan County Home Burglary Arrest
  • Sycamore Street Closure
  • Drunk and Disorderly Conduct Arrest in Johnson City
  • Car Theft Arrest in Johnson City
  • Woman Who Stabbed "NASCAR Worshipping" Husband Due in Court Today
  • Motorcycle Driver Seriously Injured after Johnson City Crash
  • Downtown Bristol Sessions Hotel Update
  • Abingdon Hit and Run
  • Bristol, VA Police Search for 2nd Robber
  • Jonesborough Pair Charged in Theft
  • New and Increased Taxes Delayed in Bristol, Virginia
  • Two Shot, One Dead and Kingsport Police Hunt for Suspect



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