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)

Saturday, August 30, 2014

  • Accident Injures Two, One Critical in Kingsport
  • New DA Pushes Trial Back in Killing of 5-year-old Forced to Drink Soda Until She Dieid
  • Police Search for Sex Offender, Accused of Assaulting Officers
  • Elizabethton Man Arrested for DUI, 6th Offense
  • Newly Renovated J. Fred Johnson Stadium Opens to Enthusiasm in Kingsport
  • Former Hawkins County Officer charged with Statutory Rape
  • School Resource Officer Notices Bruises on Student, Leads to Arrest of Adult
  • After Stabbing, Both Man and Wife Arrested in Kingsport
  • Settlement with Fired Sullivan County Highway Workers Likely to Come Up for Another Vote
  • Jury Deliberations to Start Tuesday in Former Virginia Governor's Corruption Trial



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