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)

Tuesday, September 02, 2014

  • Man Arrested After Making Social Media Threats Against a Unicoi County School
  • Former Hill Topper Called Up to the Big Leagues
  • Russell County Man Found Alive
  • Wellmont on Agenda for Kingsport Board of Mayor and Aldermen
  • Child Run Over in Driveway Near Bristol
  • Sullivan County School Board To Discuss Smoking Policy Again
  • Animal Ordinance Changes Considered by Bristol, TN City Council
  • Retirement of One of Longest Serving Virginia State Troopers; from the Bristol area



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