Ahoskie, NC, a town of 5,000 in Hertford County, accumulated over $21 million in debt from 10 years of capital projects by the year 2017. Since then, town staff have worked hard to cut expenses and bring Ahoskie to a more financially stable position. These resources provide details of this journey and links for utilities or towns facing similar circumstances.
Additional resources for North Carolina’s small water and wastewater utilities seeking to address financial challenges:
- Funding table describing the subsidized loans and grants funding programs in the state
- Request free direct assistance and advising by the EFC, or directly email assistance providers Elsemarie Mullins or Stephen Lapp at the EFC
- Quickly assess your utility’s financial performance on the NC Rates Dashboard or review five year trends in municipal or County finances on the Local Government Commission’s benchmarking tools
- Ask questions of the North Carolina Local Government Commission. LGC staff can help a local government in North Carolina evaluate finances and its ability to take on debt.
- North Carolina Rural Water Association’s Energy Efficiency Program helped Ahoskie lower their energy bill by switching rate codes. NC Rural Water Assistance providers work with utilities to determine different ways to lower energy costs
- Learn from the experiences of other local governments in North Carolina from the NC League of Municipalities’ Building North Carolina One Hometown at a Time website
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