New Hanover Co. is in good financial shape - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

New Hanover Co. is in good financial shape

Reported by Gavin Johnson - bio|email
Posted by Debra Worley - email

NEW HANOVER COUNTY, NC (WECT) - New Hanover County is financially sound, according to county commission chairman Ted Davis Jr.

Monday morning, residents gathered to listen as Davis presented the State of the County Address.

The commissioner said sales tax revenue is down by 14% from last year, but added measures like enforcing furlough days, laying off workers, and cutting down some county services helped make up for the loss.

 

"Due to these proactive steps, approved by your board of county commissioners, minimized the impact of the economic conditions of the county's financial health," said Davis.  "These efforts, were successful in reducing expenditures by the county."

Sales tax could increase as another way to close the debt deficit.

"It's going to be interesting to see how the people respond to the sales tax increase," said Kure Beach Mayor Elect Dean Lambeth.  "That's going to be important to all of us if they can pass that, and it will give the county commissioners some more funding. I think that will be great."

Davis also said new parks will built in Wrightsboro and Middle Sound areas next year, in addition to a parking deck and auditorium for Cape Fear Community College.

 
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