All tagged east laurinburg
The town of East Laurinburg will cease to exist as an incorporated municipality after June 30, 2022. The Local Government Commission (LGC) voted unanimously Tuesday, Dec. 7, to dissolve the beleaguered Scotland County town, exercising for the first time new statutory power to revoke charters of local governments that are in fiscal distress and unable to sustain operations.
The Town of East Laurinburg’s charter hangs in the balance as the Local Government Commission recently voted unanimously to impound the town’s books and assume full control of its finances due to misappropriation of funds. It comes after an investigative report in October by State Auditor Beth Wood’s office.
After a decade of financial struggle, the small town of East Laurinburg in Scotland County could soon cease to exist. It could be the start of a trend: State Treasurer Dale Folwell now warns that a growing number of North Carolina towns are at risk of insolvency.
