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, January 28, 2015

  • ABC Store Worker from Abingdon Accused of Embezzling
  • Abingdon and Bristol Men Charged for Sex Crimes in Separate Cases
  • Grand Jury Issues Indictments Stemming from Damascus Meth Raid
  • Woman Arrested for Attacking Her Sister
  • Former Sullivan County Jailer Charged With Using Excessive Force Against an Inmate
  • New Ads from TN Think Tank Attack Haslam's Insure Tennessee Program
  • Erwin Man Booked on Attempted Second-Degree Murder Charges
  • Bristol, Virginia Sets Ceremony for Glass Recycler
  • Sullivan Schools Chief Says Community Remains but New Schools Make Financial Sense
  • Lawmakers say Coal Downturn to Blame for Norfolk Southern Pulling Out of Roanoke
  • UPDATE: Clintwood Man Killed in Monday Crash in Dickenson County
  • Former Nurse Indicted for Stealing Meds from Indian Path
  • School Consolidation Likely in Sullivan County
  • Five of the "Sullivan Six" Return to Work at the Highway Dept.
  • County Mayor Says Agreement Prohibit Naming Company That Gets $1 Million
  • State Police Report Fatal Car Crash in Dickenson County Near Ervinton
  • Police Report Tazewell County, VA School Bus Driver Arrested for DUI
  • Attempted Murder Trial in Russell County Moved to April
  • Juvenile Arrested in Rash of Tire Slashings in Gray Community
  • Chafin is Co-Patron of Bills to Help People Get Jobs and Freeze College Costs
  • Andis Enters Race for Washington County, Virginia Sheriff



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