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, November 26, 2015

  • Trump Campaign Names Southwest Virginia Leadership Team
  • Northeast TN Pair Jailed in SW Virginia for Grand Larceny
  • VDOT Stats: Traffic Deaths Up 50% in Bristol District
  • Some Tennessee Teachers Convicted of Crimes Still Collecting Pensions
  • Bristol, Virginia Councilman Reacts to Study to Move Bristol Pirates to Tennessee Side
  • UT Study: Gas Tax Hike Needed for Roads
  • Rape Suspect in Greene County Indicted
  • Bristol TN to Consider Study for New Minor League Baseball Study
  • Johnson City Power Board Looks to Become an Authority
  • Johnson City Crews Battle Fire at a Home Under Construction
  • VDOT Aims to Smooth Holiday Traffic by Lifting Lane Closures
  • Parole Denied for Jamie Curd in So-Called Facebook Murder Case
  • Virginia Company Files 2nd Lawsuit Trying to Mine Uranium
  • Virginia Health Officials Say Flu Season Off to Slow Start
  • Mother Indicted by Greene Co Grand Jury, Charged With Murder in Death of Her Two Daughters
  • BVU CEO on Restitution Accounting: Slightly More Than Half of $720,118 Stolen in Fraud Scheme Recovered
  • Black Friday Bargains Include Adoptable Pets in Sullivan County
  • Milligan College Gets $1.2 Million Gift From Shipley Trust
  • Bloomingdale Home Invasion Thieves Brought Equipment to Roll Safe Outside, Drove "Loud" Getaway Vehicle
  • Police: Argument Over TV Characters, Lasagna Leads to Domestic Assault
  • UPDATE: Memphis Man Killed at Carter County Logging Job in Hampton
  • Unicoi Co Woman Booked on Contraband Charges
  • Gas Prices Continue to Drop

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