Rocky Mount’s Financial Turnaround | Durham News

Rocky Mount is turning the corner financially, with State Treasurer Brad Briner praising recent progress—even as the city remains under close state supervision. Once hemorrhaging savings from $100 million to just $20 million, Rocky Mount now boasts stronger controls, spending discipline, and a recovery plan that includes a controversial 15% utility rate hike. The city’s troubles trace back to years of unchecked spending under a former manager, and while it’s not alone—Cary and Greensboro also face state oversight—the Treasurer insists early intervention is key. Despite criticism and ongoing challenges, city leaders are attending a utility conference in Virginia, underscoring the state’s belief that mismanagement, not malice, drives these crises—and that no community should be allowed to fail.

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