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)

Saturday, May 23, 2015

  • THP Releases Name of Rogersville Woman Killed in Friday Crash on Route 66
  • ATV Crash in Ohio Claims Kingsport Teen
  • Layoffs by Alpha Natural Resources Reach 500 In Past Two Weeks With Purge in WVa.
  • Sullivan County Board to Hire Interim Director of Schools June 1
  • Bristol Teen Dies Following May 9 Crash in Washington County VA
  • Accused Carter County Killer Picks Up New Charge: Coercion of Witness
  • Avery Co NC Sheriff Said Car Involved in Fatal Police Pursuit in Carter County Was Stolen
  • Young Trio Admits to Shoplifting from Johnson City Business
  • Watauga Man Charged With Embezzeling From Johnson City Water and Sewer Department



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