RALEIGH, North Carolina, March 15 (TNSLrpt) -- The North Carolina Office of the State Auditor issued a performance audit report on March 9, 2026, entitled "City of Rocky Mount Financial Distress": Here are excerpts: * * * The audit found that the City of Rocky Mount (City) experienced severe financial distress between FY 2023 and FY 2025 driven by increased City employee compensation (27%) and capital purchases (153%) in FY 2024. This increased spending coincided with a 2% decrease in City r  more