Treasurer Folwell vetoes troubled Spring Lake’s hiring of a new town manager
If you think Pinehurst is a hot mess, get a load of Spring Lake over in Cumberland County. The state took over the town’s finances a year ago. The
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Tag: Local Government Commission
Budget Deficits. Missing Money. Fiscal Disarray.
Apparently, just another day in Spring Lake, NC: After raising deep concerns over potential budget deficits, longstanding fiscal disarray and an investigation into missing money, members of the Local
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Folwell: Growing number of NC’s local governments facing financial problems
The state’s local governments have been surviving for years on pass-through payments from Raleigh and DC. Quite often, these payments are not “forever” gifts. They often have an
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Folwell, LGC throw Randolph Hospital a (temporary) lifeline
Randolph County’s hospital had declared Chapter 11 bankruptcy and was considering proposals for sale. The hospital turned to state treasurer and the Local Government Commission (LGC) for assistance
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EVEN MORE economic distress in the Roy Cooper era
We all know about the suffering small businesses are enduring, thanks to Roy Cooper’s “science.” Lest we forget, there are a lot of government entities that are suffering
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