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)

Monday, September 15, 2014

  • Sullivan Highway Worker Lawsuit Settlement Approved by County Commission
  • Wellmont Names Interim CEO
  • Lease/Purchase of Emergency Radio Communications System Approved by Sullivan Commissioners
  • Work will Disrupt Water Service in Jonesborough
  • Jeff Byrd Indoor Playground dedication at Bristol YMCA
  • Local residents to speak in Richmond on Medicaid expansion
  • Beer sales in movie theaters in Bristol, Tenn. to be discussed
  • Amend the Rave Act
  • Johnson City Man is Arrested for Fourth DUI and Possession of Gun
  • Bar Fight in Johnson City Gets an Erwin Man Arrested
  • McAuliffe to Announce Budget Cuts Today
  • ETSU Researchers Will Study Poisonous Snakes Seized from Preacher
  • Woman From Gray is Arrested for Kroger Embezzlement
  • No Injuries Reported in Overnight Johnson City Fire
  • Pigeon Forge Officer Involved Shooting Still Under Investigation
  • Traffic Stop in Downtown Johnson City Leads to Drug Bust
  • Sullivan County Commissioners Expected to Vote on Settlement



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