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)

Friday, October 24, 2014

  • Five Booked in Washington County After Year-Long Meth Investigation
  • Suspected Corvette Thief Arrested, Charged for Scott County Incident With Deputy
  • Carter County Authorities Quickly Catch Armed Robbery Suspect
  • Jury Convicts Southwest Virginia Retail Store Owners of Selling Synthetic Marijuana
  • Sentence Reduced for Bristol Man Convicted of Child Rape
  • Carter County Gets Stern Warning on Finances From Comptroller
  • Mold Forces Closure of Indian Springs Elementary
  • Dangerous, Possibly Drugged, Suspect Wanted in Sullivan County
  • New Virginia Road Funding Formula in Question for Coalfield's Expressway, Other Projects
  • Bristol, Virginia Working to Get Revenue Bonds to Market for The Falls Project
  • USDA Awards $3 Million to Scott County, Va., for Broadband



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