N.C. State Auditor: 'City of Rocky Mount Financial Distress'
March 15, 2026
March 15, 2026
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:
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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 s . . .
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 s . . .