by Bob Jessup | May 26, 2020 | Blog
Over the last few months, we have worked as bond counsel with two towns that wanted to assemble land for economic development, and that needed to borrow money to pay for the land. The towns took different approaches that illustrate the flexibility available for this...
by Bob Jessup | May 21, 2020 | Blog
The LGC’s policy has been to not approve financings in November (or later) for a local government until it has approved that unit’s new audit. The LGC’s refusal to approve new borrowings is one of the few tools the Treasurer’s office has to force local governments to...
by Sanford Holshouser LLP | Apr 28, 2020 | Blog
“When you’re alone and life is making you lonely, you can always go downtown. When you’ve got worries, all the noise and the hurry seems to help, I know, downtown.” Downtown plays a vital role in our lives and the health of our communities. It is a major...
by Bob Jessup | Apr 21, 2020 | Blog
North Carolina local governments rarely have cash flow problems. Fund balances, on-going sales tax receipts and the predictability of property tax collections in January allow localities to manage their cash with predictability and a healthy safety margin. We all hope...
by Bob Jessup | Apr 14, 2020 | Blog
We’ve had a few questions recently about funding sidewalk projects. Sidewalks are expensive, so it’s hard to rely on stretched general fund tax revenues to fund sidewalks on a pay-as-you-go...
by Bob Jessup | Apr 8, 2020 | Blog
Keep your local authorities and nonprofits in good working condition Every county has an industrial authority (whether you know it or not). Most cities and towns will have a housing authority (sometimes whether you know it or not). Did you ever create a nonprofit...
