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 27, 2014

  • Two Reportedly Injured in Home Elevator Accident in Carter County
  • Greene County Man Killed in Crash with Tanker Driven by Piney Flats Man
  • Many Stores Open for Thanksgiving Shopping
  • Center of Excellence Receives $2 Million Grant from Virginia Tobacco Commission
  • Wal-Mart Shoplifter Will Spend the Holiday in Jail
  • TN Leaders Looking to Lead the Nation in Education
  • Holiday Travel Up
  • PBA Looking into Joint Venture with ETSU and Millennium Centre
  • Special Black Friday Sales Set at Virginia ABC Stores
  • City of Kingsport Adds Climbing Wall in Aquatic Center
  • Tri Cities Labor Market Continues to be Weak, says ETSU's Economic Research
  • AEP to Issue Refunds to Electric Customers in Virginia After SCC Ruling
  • Improvement on Carolina Ave., Love St. Approved by Erwin Town Council
  • Citizens Chide Bristol, Virginia City Council for Borrowing to Debt Limit
  • NC Man Set to Serve 10 years for Cocaine Trafficking
  • Bristol, TN Taking Proposals From Developers on a Redesign of An Iconic Downtown Building



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