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, July 23, 2014

  • Bicyclist Injured in Kingsport After Object Thrown from Car
  • Surveillance Video Shows Man Buying with Counterfeit Money in Kingsport
  • Kingsport Man Takes Stand at Vehicular Homcide Trial
  • Judge says No Prison Time for Bus Driver in David Crockett High School Crash
  • Looney Receives 2 Life Sentences for Killing Parents at Tazewell County Pizza Plus
  • Woman Agrees to Plead Guilty in False Poisoning Claim
  • Announcement Expected in Cedar Bluff Pizza Plus Double Murder Case
  • Kingsport Motel Stabbing Suspect in Custody
  • Man Breaks Bar Window to Steal Booze
  • Abingdon Grand Jury Indicts 100 Defendants
  • Jury Hears Testimony in Vehicular Homicide Case
  • Marion Man Arrested for Rape
  • Maintenance Work to Disrupt Water Service in Jonesborough
  • 74-year-old Arrested in Kingsport for Crack Cocaine
  • ETSU Hires Emergency Management Specialist
  • Man Accused of Stealing Gun, Credit Cards Arrested in Johnson City
  • Kingsport Mother Arrested for Neglect, Drugs
  • Matthew Hill Says Why He Changed Position on Wine in Grocery Bill
  • Survey says JCMC Is 8th Best Health Facility in Tennessee



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