town finance

Pandemic fiscal fallout coming into focus for north Meck towns

From a good news perspective, in terms of COVID-19 impacts on municipal sales tax revenues during the last half of Fiscal Year 2020 – which ended June 30 – predictions by finance directors came true. Despite lingering business disruptions and lower-than-normal revenues triggered by the pandemic in March, April, May and June, a strong sales tax stream during the earlier […]

Amid uncertainties, north Meck town budget planning proceeds

Sports seasons, traditional spring gatherings and even funerals have been indefinitely postponed in response to continuing COVID-19 uncertainty, but the local government budget season marches on. Throughout the Lake Norman region, town and county administrators, finance directors and elected officials are engaged in the process of preparing fiscal-year financial formulas factoring in unknowns fueled by COVID-19 fallout. Recent town board […]