North Carolina takes financial control of Ronda and Rowland
RALEIGH - North Carolina's Local Government Commission voted to take financial control of Ronda and Rowland after state officials said both towns remained in serious fiscal trouble.
RALEIGH - North Carolina's Local Government Commission voted to take financial control of Ronda and Rowland after state officials said both towns remained in serious fiscal trouble.
North Carolina’s Local Government Commission will apply its financial-oversight criteria more consistently to larger governments, including Cary, Greensboro, Rocky Mount and Zebulon.
North Carolina will apply its financial-oversight standards more consistently to larger local governments, adding Cary, Greensboro, Rocky Mount and Zebulon to an updated assistance list.
The Local Government Commission (LGC) approved Resolutions of Notice and Warning for the towns of Ronda (Wilkes County) and Rowland (Robeson County) following persistent financial management and statutory compliance concerns.
The Local Government Commission approved more than $814 million in financing for infrastructure, PFAS treatment, schools, public safety facilities and housing.
The Local Government Commission approved financing requests for projects across North Carolina, including arena upgrades, schools, water and sewer projects, housing and county facilities.
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.
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.