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Columbus County’s Financial Crisis Deepens | Wilmington News
Description
Columbus County’s finances are in deep trouble after a damning state audit exposed late, incomplete reports and a dangerously low rainy-day fund — now below the state’s minimum threshold — while plummeting property values threaten to slash millions in tax revenue. Auditors urge immediate fixes: better audit prep, fund rebuilding, and smarter financial reporting, with the county’s next fiscal year audit in 2025 as the make-or-break moment to prove they’re turning things around.
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