While some local officials are crying for more money from taxpayers, an audit says the policies and budget implemented by Apex officials have created a $10 million unassigned surplus for the town treasury. The state requires Apex to have bout $2 million in an emergency fund, and that money is already set aside. The next question is, what will Apex do with the “extra” $10 million? Officials will discuss options at a retreat. Kudos to the town for being good fiscal stewards.
For those interested in what North Carolina counties are doing to save money and be more efficient by privatizing services, check out this JLF report. It details some of the practices that are working.
