Posted in Campaign 2011 Moore County Politics

Pinehurst 2011: Deficit spending or not?

  According to the website Investorwords.com, the definition of deficit spending is: the amount by which a government, company, or individual’s spending exceeds its income over a particular period of time. Mayoral candidate John Marcum has accused village government of  “deficit spending” by an average of $1 million for the last three years — a…

Posted in Campaign 2011 Economy Moore County Politics

Pinehurst 2011: Village govt speaks up on ‘deficit spending’ claim

  Charges of deficit spending by village leaders have arisen in the current campaign for mayor and village council.  Sensitive to the charge, the professional staff at Village Hall has released a statement addressing the accusation: The Village of Pinehurst’s annual budget is developed in…