Laurinburg, North Carolina Development News

City Council Approves Interim Budget Amidst State Legislative Uncertainty

The City Council considered an interim budget appropriation resolution due to ongoing legislative uncertainty at the state level. This measure allows the city to operate for the first three to four weeks of the fiscal year based on current year operations and salaries, without capital expenditures. COLA adjustments would be retroactively applied once the full budget is approved. The county has approved its budget based on previous tax rates, and the city must use the county's assessed property values. The interim budget provides flexibility while awaiting resolution of state legislative matters, such as Senate Bill 474, which is scheduled for a House and Senate vote on June 30th. The resolution was approved to provide operational continuity and flexibility.