Category Archives: FINANCE

Fossil Festival faces EXTINCTION — financial support needed!

What do you mean? Isn’t the Fossil Festival free?!?   (File) By Genny Groome Upton AURORA — Held annually since 1994, the Aurora Fossil Festival presented by the Aurora-Richland Township Chamber of Commerce, is indeed a FREE-admission event for the town’s people, the greater community, and the general public.  For the past 25 years, this festival has focused on the area’s amazing fossil history, filling a late May weekend with family-oriented activities, entertainment, and educational opportunities. However this year, the much-anticipated event is facing the sam…

Fossil Festival faces EXTINCTION — financial support needed!

What do you mean? Isn’t the Fossil Festival free?!?   (File) By Genny Groome Upton AURORA — Held annually since 1994, the Aurora Fossil Festival presented by the Aurora-Richland Township Chamber of Commerce, is indeed a FREE-admission event for the town’s people, the greater community, and the general public.  For the past 25 years, this festival has focused on the area’s amazing fossil history, filling a late May weekend with family-oriented activities, entertainment, and educational opportunities. However this year, the much-anticipated event is facing the sam…

Shame on GOP in the U.S. House – with one exception!

Our Congressman, Walter B. Jones, only Republican to vote against payday lending expansion “More and more, Congress takes action to benefit special interests, not the people. Sadly, this appears to be one of those cases. There’s just no good reason to give financial services firms a loophole to get around state interest rate caps and get desperate folks into loans with exorbitant interest rates they can’t afford. I didn’t ask for this job to make it easier for some Wall Street guy to take the last nickel out of the pocket of a struggling Eastern North Carolina family.” Congressman W…

Money can’t buy teachers’ love

Good principals trump compensation, as factor in teacher retention rates By Dr. Terry Stoops John Locke Foundation RALEIGH — If you watch the evening news broadcasts or read the local paper, you have been told that more educators than ever are leaving North Carolina to teach elsewhere because the N.C. General Assembly “slashed” public school funding. Most of these stories, however, omit key facts and research findings that would otherwise undermine their ideologically motivated tales of woe. The state legislature recently approved an $8.5 billion K-12 education budget. Compar…

Money missing in Bayboro

Town clerk under investigation Town of Bayboro Town Hall. (File Photo) BAYBORO – Charges have not yet been brought, but officials confirmed Wednesday that the former Town of Bayboro clerk, Mary Potter, is being investigated for possible misappropriation of town funds. In a statement e-mailed to this newspaper, Pamlico County Sheriff Chris Davis wrote: The Pamlico County Sheriff’s Office is investigating several allegations involving the Finance Officer / Town Clerk for the Town of Bayboro. As this investigation continues, we will be releasing more information; however, we are n…

Wall Street Journal praises North Carolina

Editor’s note: This commentary, written by Stephen Moore of the Heritage Foundation, a conservative ‘think tank’ based in Washington, D.C., recently appeared on the website of the Wall Street Journal: “Four years ago North Carolina’s unemployment rate was above 10 percent and the state still bore the effects of its battering in the recession. Many rural towns faced jobless rates of more than 20 percent. But in 2013 a combination of the biggest tax-rate reductions in the state’s history and a gutsy but controversial unemployment-insurance reform supercharged the state’…

Nursing home care, costly and confusing

By David Silver | Department of Finance, East Carolina University | Special to the County Compass David Silver Editor’s note: As the face of health care changes in this country, the County Compass intends to feature articles, written by experts, on a number of relevant topics. Mom had a stroke and now she needs nursing home care for the rest of her life. How can we afford that? How can I make sure that my kids don’t have to pay to take care of me if I need to go to a nursing home? Will the nursing home take my house? If you don’t have a high fixed-monthly income, a lot of money in the bank, or a good long-…

$22 million jail likely topic at County Comission retreat

By Betty Murphy | Special to the County Compass WASHINGTON, N.C. – If you are a regular Compass reader, you are no stranger to the ongoing battle of the proposed new jail for Beaufort County – where to locate it, how to finance it, public involvement in the process, and whether a new jail is even needed. The Beaufort County Board of Commissioners will hold its annual retreat Feb. 20 and 21 at the North Carolina Estuarium located on the town’s waterfront. Thursday’s session runs from 1 p.m. until 5 p.m. while Friday’s second day begins at 9 a.m. and adjourns at 3 p.m. The meeting is open to th…

MidSouth Golf declares bankruptcy

Owner of amenities owes community big bucks By Penny Zibula | Staff Writer FAIRFIELD HARBOUR – Last month, MidSouth Golf filed for voluntary Chapter 11 in North Carolina Eastern Bankruptcy Court, essentially throwing a wrench into this community’s efforts to collect a court-ordered award of $1.45 million. The Myrtle Beach-based company owns Fairfield Harbour’s amenities, including Harbour Pointe Golf Course and the now-closed Shoreline Course. In a 2009 civil trial, a jury ruled MidSouth owed the community damages for its failure to properly maintain the two courses, swimmin…

Dissident property owners must pay dues

By Jeff Aydelette | Staff Writer FAIRFIELD HARBOUR – A lawsuit filed by a dozen property owners – meant to justify their collective refusal to pay homeowners’ dues since March of 2012 – backfired last month when Superior Court Judge Jay D. Hockenbury ruled in favor of the Fairfield Harbour Property Owners Association, the defendants in the case. Both sides agreed to waive a jury trial, in favor of Hockenbury hearing the case solo. The judge’s decision, released Dec. 16, gives the Association a green light to pursue foreclosure on almost 50 parcels, including 29 owned by Landcon, In…
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