Speed hits another bump: NC Auditor says town should dissolve

By: Clayton Henkel

Outlets: North Carolina Newsline

Published: February 25, 2026

Words: 597

Last Updated: 1 week, 1 day ago

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In the grand scheme of things, $3,500 may not seem like enough to shutter a town. But the North Carolina Office of the State Auditor says the fact that the Town of Speed had unauthorized charges withdrawn from its accounts is just another sign that the town can’t properly manage its finances.

The rural Edgecombe County town was incorporated in 1901 and has a population of approximately 63 residents. It never fully recovered …

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