Proposal protects customers from potential Rocky Mount finance shuffle

Proposal protects customers from potential Rocky Mount finance shuffle

(The Center Square) – Republican senators near the eastern North Carolina community of Rocky Mount, and one from the mountains, are trying to protect taxpayers from potential raised electric rates to cover an embattled City Council’s poor fiscal management.

NC Senate bill would limit Rocky Mount use of utility revenue

Republican senators have introduced legislation to block the City of Rocky Mount from using revenue generated from its electric utility to support other parts of its municipal budget, citing concerns about financial mismanagement and unfair costs imposed on out-of-town customers. Senate Bill 1076, filed by Sens. Lisa Barnes, R-Nash; Buck Newton, R-Wilson; and Tim Moffitt, R-Henderson, would require all revenue from Rocky Mount’s electric system …

UPDATE: state senators making moves in Rocky Mount city financial situation, mayor responds

ROCKY MOUNT, N.C. (NCN News) – State lawmakers are stepping into the controversy over the financial crisis in the city of Rocky Mount. Meanwhile, the Mayor says that lawmakers are not looking at the big picture. Sens. Lisa Barnes (R-Nash), Buck Newton (R-Wilson), and Tim Moffitt (R-Henderson) filed a bill to prohibit the City of Rocky Mount from shifting revenue from its electrical system to other municipal funding streams. The move comes the ci…