RALEIGH — At its Jan. 10 meeting, the N.C. Local Government Commission (LGC) approved financial requests made by Asheville, Chapel Hill, and the town of Cornelius. The LGC is the statutory body that examines town […]
RALEIGH — At its June 7 meeting, the state’s Local Government Commission (LGC) voted unanimously to transfer the assets of the town of East Laurinburg to Scotland County. The state took control of the town’s […]
RALEIGH — The North Carolina Local Government Commission (LGC) approved over $1.5 billion in financing for local government projects across the state during the commission’s May 3 meeting. The approved financing is around $900 million […]
RALEIGH — The N.C. Local Government Commission (LGC) voted to impound finances in the town of East Laurinburg following multiple attempts to correct major bookkeeping, banking and auditing deficiencies in the town. “This is not […]
RALEIGH — Last week, the N.C. Local Government Commission (LGC) unanimously voted in favor of taking over the finances of Spring Lake. Unless action is taken soon, the town will be close to default on […]
RALEIGH — State Treasurer Dale Folwell discussed investment trends related to the state’s retirement system as well as the status of municipalities struggling with financial issues in a recent media availability session. Folwell said that […]
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