(The Middle Sq.) — The city of East Laurinburg will stop to exist on June 30 and its property and liabilities will likely be transferred to Scotland County.
The North Carolina Native Authorities Fee voted on Tuesday to switch the city’s property and liabilities – which embody property, money property, accounts receivables, taxes, assessments and another money owed, expenses or charges – to the county. The fee additionally authorized a whole bunch in tens of millions in bond points for municipalities and counties as properly.
East Laurinburg will likely be dissolved as a result of the LGC, which supervises 1,100 native authorities models statewide, voted unanimously to revoke the city’s constitution following years of monetary mismanagement. It was the primary city to have its constitution revoked below Senate Invoice 314 that was signed into regulation final August by Democratic Gov. Roy Cooper.
In response to a information launch, East Laurinburg had not submitted required audits within the final 5 years and the LGC impounded their books and took management of the city’s funds.
“The taxpayers of East Laurinburg weren’t being correctly served by their elected officers, and it was unfair to them to proceed paying taxes after years of substandard service,” stated State Treasurer Dale Folwell in a information launch. “Simply because it’s now not integrated shouldn’t change the elemental character of the city. The neighborhood can protect its identify, preserve its sense of neighborhood, and maintain its heritage, satisfaction and civic service.”