Union County, N.C., may carry more debt that it can handle
Union County, N.C., will owe more money than it can deal with in five years if it does not curb its spending, especially in school construction.
Union County, N.C., will owe more money than it can deal with in five years if it does not curb its spending, especially in school construction. County Finance Director Kai Nelson said the current level of debt payments is close to 15 percent of its operating budget, a rate considered acceptable but on the high side. Millions of dollars in school construction costs are to blame and that debt is projected to grow over the next five years to levels Nelson says the county cannot afford. http://www.charlotte.com/mld/observer/news/local/9368690.htm
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