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)

Tuesday, July 28, 2015

  • City Council Changes Course and Reappoints Fleenor to BVU Board
  • Washington County, VA Grand Jury Indicts Abingdon Man for Attempted First Degree Murder
  • Bristol, TN Officials Confirm Triad Packaging Staying in City, Investing Millions
  • Children's Services Spokesman Says Formal Investigation Underway into David Crockett High Hazing
  • BVU's Faith Esposito Suddenly Resigns Board
  • DMME: Mine Accident in Dickenson County Under Investigation, Victim Recovering After Surgery
  • Bristol, Tennessee Schools Replace Principal in Wake of Attempted Child Abuse and Neglect Case
  • King University Breaks Ground on Oval Restoration
  • Roe Seeks Immediate Lift of Ban on Firearms on Military Grounds
  • Haslam Headed to the Tri-Cities to Push For Hike in Gasoline Tax
  • Police: Fatal Crash Went Undetected Overnight
  • Wes Rosenbalm Resigns from Job at Johnson City V-A Center
  • BVU Writing Policies in Wake of Financial Scandal
  • Utility Puts Condition on Participation in Bristol "Brand" Study
  • Mine Accident Under Investigation
  • Two More David Crockett Players Sent to Alternative School in Wake of Hazing Investigation
  • Murder, Dismembering Case in Carter County Scheduled to go to Grand Jury
  • New Poll Shows Virginians Split on Removing Rebel Flag from S.O.C.V. License Plate
  • Report: Members of Crips Source of Fight, Lockdown at Mountain City Prison
  • Hawkins County Deputies Arrest Woman for Second Time in Two Weeks
  • Hawkins County Woman Arrested After She Was Found With Drugs



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