ROCKY MOUNT, N.C. (WITN) - On Tuesday, residents reacted to the news that the city has been dealing with a financial crisis due to the overspending of millions more than it’s budget each month over the past two years.

Elton Daniels, the new city manager, says the city is in debt and will be undergoing a forensic audit to understand the exact reason behind it.

He says the city plans to reduce its spending by a minimum of $30 million over the next 10 months.

But for residents, that plan could mean higher utility rates, layoffs of at least 10% of full time and half of part-time staff, and the pause of non-essential projects to accommodate the reduction in spending.

Rocky Mount says utility rates will rise for both natural gas and electricity: about a $20 estimated monthly increase for nat

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