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, March 04, 2015

  • Sullivan County's Longtime Economic Recruiter Retiring
  • Daring Rescue By Boat in Treacherous Flooding in Southwest Virginia
  • Criminal Complaint Shows Fired Washington County TN Corrections Officer Hit, Kicked, Laughed at Victim
  • Teenager Arrested, Charged for Arson That Destroyed Two Barns in Hawkins County
  • APCO OFFERING CUSTOMER TEXT AND EMAIIL POWER OUTAGE ALERTS
  • TN Dept. of Education Likely to Let Counties, Cities Waive School Days Missed by Snow
  • VDOT: Haysi Main Street to be Closed for a Week Due to Building Collapse
  • Office Depot Cutting Jobs in Bristol, Virginia
  • Rain, Snow Melt Cause Flooding Throughout Southwest Virginia
  • Johnson City Police Arrest Man on Meth Charges After He is Caught Holding the One-Pot Lab
  • TN Bill That Guarantees Veterans Groups Fund-Raising Games Gaines Committee Approval
  • Johnson City Pair Arrested for Driving Stolen Vehicle
  • Congressman Griffith is Vocal as Funding for Homeland Security Shored Up
  • Elizabethton Man Charged After Chase
  • Trial Begins in Case of Housing Authority Director Accused of Fraud, Rigging Bids
  • Johnson City Murder Suspect Arraigned in Court
  • Belk Store Inside The Pinnacle Opening Today
  • Driver Cut Out of Car and Rescued After Crash on Euclid in Bristol
  • Sweet Briar College Joins Virginia Intermont in Closure Market Due to Financial Problems
  • Driver Indicted for Hitting Boy, Grandmother at Unicoi County School Bus Stop
  • Former Cumberland Plateau Deputy Director Enters Alford Plea on 16 Felonies in Russell County
  • Heavy Rain Forecast Puts County Already Weather Stricken on Alert; Food Bank Makes Donations Again
  • CEO: Eastman in Smart Growth Mode



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