Topics Related to SLGC News Release

The Local Government Commission has voted to take over the finances of Spring Lake, citing concerns the town might be in danger of default on November debt service payments totaling $221,385 without corrective measures.

The Local Government Commission (LGC) has approved a request by the town of Clayton to seek an $80 million revolving loan provided by the state of North Carolina for a sewage treatment facility to accommodate rapid residential growth and industrial demands.

In a sweeping success story for local governments around the state, the Local Government Commission (LGC) has removed 38 entities from its Unit Assistance List (UAL), a monitoring device that flags and tracks local governments and public authorities battling financial and governance challenges.

The Local Government Commission (LGC) has approved a request from Wake County to finance nearly $600 million for school and community college construction and renovation.

The Local Government Commission (LGC) has voted to assume full control of all finances of Spring Lake if, among other actions, the Board of Aldermen impedes an investigation by the Office of State Auditor into questionable financial activities or withholds information from the commission.

The Local Government Commission (LGC) has approved up to $3 million to assist 15 local government units in assessing and inventorying their water and sewer assets as part of a process to determine long-term viability needs.