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, April 27, 2015

  • Report of Party Leads to Meth Arrest in Abingdon
  • TBI Data: Kingsport Leads Tri-Cities in Serious Reported Crimes
  • Bristol, Virginia Utilities Expecting Restitution by June from Employee/Contractor Theft and Kick-Back Schemes
  • BVU Board Gives Preliminary Approval to 15 Percent Sewer Rate Increase
  • Bristol Chamber Hosting Meet the Candidates Night on Thursday
  • Former NASCAR Truck Series Driver Out of Johnson City Has Sentencing Delayed in Ponzi Scheme Until October
  • Anniversary of Deadly Tornadoes Reminder of Need for Emergency Preparedness
  • Trial in Murder of 78-year-old in Carter County Delayed
  • New Cars Destroyed in Hauler Fire on I-81
  • Cop Delivers Baby; Mom and Baby Doing Well
  • Rabid Raccoon Found in Russell County, VA
  • Sullivan County Leaders Host Public Budget Meeting
  • Unicoi BOE Interviews Finalists for Director of Schools Position
  • Man Faked Robbery Because He Wanted to Go to Jail
  • Tennessee Lawmaker: Many Feel Allowing Guns in Parks Shouldn't Be Left to City/County to Decide
  • Bond Revoked on Sullivan County Woman Charged with Poisoning and Shooting Husband
  • With Criminal Investigation Ongoing, BVU Cutting General Legal Counsel to Part Time Work



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