The Local Government Commission is stepping in to help the town of Spring Lake in Cumberland County. The move by the commission, which voted Wednesday, March 23, will avoid payment processing problems, a news release says.
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East Laurinburg's town books impounded by Local Government Commission
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.
N.C. towns face insolvency as financial oversight falls short
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.