Haymaker: Treasurer Folwell warns a growing number of local

Haymaker: Treasurer Folwell warns a growing number of local governments headed for financial trouble


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 expiration date — leaving the recipients at the local level scrambling to find a replacement for said money when the spigot gets turned off.
According to the state treasurer’s office and the Local Government Commission,  the chickens may be finally coming home to roost (as far as that practice goes):
At the April meeting of the Local Government Commission (LGC) members voted to recommend that the General Assembly repeal the charter of East Laurinburg. […]

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