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Zebulon Audit Reveals Fiscal Crisis | Durham News
Zebulon’s finances are in serious trouble after a damning audit revealed years of overspending, broken internal controls, and reckless fund usage — including dipping below the required 50% reserve threshold and dipping into that reserve with over $4 million earmarked for next year’s budget. Compounding the issues: executive pay missteps, missing contracts, untracked invoices, and even accidental personal fund payments. The town now faces a $2.4 million deficit, blamed on rising costs and growth — including a controversial budget move to double commissioner salaries. While the town says it’s…
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