• Sun. May 26th, 2024

Spring Lake, NC is putting fraud and mismanagement behind

  • The state took control of Spring Lake’s finances in October 2021. There is a chance this will end in 2024.
  • In 2021, the mayor said, Spring Lake was told it would be under state control for seven years.
  • The interim town manager is credited with doing much to put Spring Lake on track.

Spring Lake’s town government is moving past its years of fiscal mismanagement and fraud, a financial management adviser with the state Treasurer’s Office told the N.C. Local Government Commission on Tuesday, and could be free from state government control in the not-distant future.

With continued improvement, that might be mid-2024, a spokesman for state Treasurer Dale Folwell said later Tuesday, citing the adviser. Folwell is chair of the commission.

Back in 2021, Spring Lake Mayor Kia Anothony said, the town was told it would be under state control for seven years to get the town’s finances in order.

The Local Government Commission watches the finances of 1,100 local governments and agencies. It steps in when it sees problems. The commission took control of Spring Lake’s finances in October 2021 as the town struggled financially and was at risk of defaulting on its debts.

The town also had lost track of nearly 100 vehicles and former Finance Director Gay Tucker had embezzled $567,000.

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