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, November 21, 2014

  • Johnson City Man Arrested for Stealing Debit Card
  • License of Contractor Who Installed Faulty Pool Heater at Boone Motel Has License Suspended
  • Woman Bound Over on Reduced Charge in Killing of Man in Tusculum
  • 20 Felony Charges Against 3 People After Police Raid in Glade Spring
  • Suspect in Kingsport Tractor Supply Theft Case Caught
  • Bristol, Virginia Sells Property for New Assisted Living Project
  • Authorities Reveal Source of Blaze That Killed Greeneville Woman
  • Financial Gifts From Citizens Bank, Jason Witten to Help in Elizabethton Stadium Construction
  • Police Report: Russell County Man Choked Woman to Death
  • Man Arrested After Choking His Girlfriend
  • THEC Gives Green Light to ETSU's Master Plan
  • Domestic Situation in Russell County Leads to Second-Degree Murder Charges Being Filed
  • Engineering Program to be Offered by Milligan College
  • State Certificate Granted for Lee County Hospital Project
  • Former Utility District Managers Accused of Theft, Official Misconduct
  • Damascus Women Arrested in Johnson City After Both Stole $600 From J.C. Penney's
  • Bristol, Virginia Now Marketing Revenue Bonds for The Falls Development Project
  • One Victim Identified in Abingdon Fire That Killed Two
  • TN Mental Health Officials to Launch $7 Million Prescription Drug Abuse Prevention Project in Sullivan, Washington Counties
  • Tobacco Commission Member Says SW Virginia Medical School Project is 'Lipstick On a Pig'
  • Former Probation Officer Arrested for Official Misconduct



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