MISI Score
26.0
Watch
Project NC / Halifax County
Weldon
BOTH · Halifax CountyPWSID NC0442020
Score Confidence
0.8%
Peer Percentile
82.6th
As of
Jun 2, 2026
EXPLANATION
Score Drivers
- MISI score is 25.964 (Watch).
- Population Served Decline adds 5.464 points. Population trend contributes +6: five-year population change is -6.866576%. variance weighting adjusted headline contribution from 6 to 5.464.
- Lead & Copper Rule Risk adds 4.997 points. Lead and copper risk contributes +5: lead sample exceedances=0, copper sample exceedances=0, legacy action-level exceedances=0, open LCR violations=0. variance weighting adjusted headline contribution from 5 to 4.997.
- High-AGI Out-Migration adds 3.994 points. Revenue-fragility AGI outmigration contributes +4: net AGI migration is -3039.00 (thousands, tax year 2022). variance weighting adjusted headline contribution from 4 to 3.994.
- Current Drought Severity adds 3.957 points. Current drought severity contributes +4: USDM severity index is 0.7340 as of 2026-05-26. variance weighting adjusted headline contribution from 4 to 3.957.
- Missing or unresolved factors: Infrastructure Capital Gap, PFAS Contamination Risk, Project Status Staleness.
MARKET INTERPRETATION
What the data suggests
Weldon is a smaller community water system, serving approximately 1,375 residents. At the latest reading, Munimetric flags the system as showing early but meaningful signs of structural stress.
The score is being driven mainly by Operational Stress, with Revenue Fragility adding further pressure. The pressure is distributed rather than concentrated in a single dimension.
6 active stress signals are attached to this system, including 2 at high severity. That signal mix points to a system where several warning indicators are firing at once, not just one extreme outlier.
Within its peer cohort, this system ranks around the 83rd percentile on measured stress, placing it among the more stressed systems in its peer group.
Recent score history has been relatively steady, consistent with the system's overall profile.
This summary is based on structured, source-backed public data and is intended for research and monitoring only. It is not investment advice, a credit opinion, or municipal advisory guidance.
SCORE STACK
Family Contributions
Operational Stress11.5 / 20.0
Capex Pressure5.0 / 20.0
Revenue Fragility9.5 / 20.0
Rate Constraint0.0 / 20.0
Governance Risk0.0 / 20.0
SL 2020-79
SWIA Assessment History
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 8 | 7 | 3 | 4 | 4 |
ACTIVE SIGNALS
6 Signals
Compliance Escalation
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 4.0 · Family: Operational Stress
Climate Hazard Exposure
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 3.6 · Family: Operational Stress
Lead & Copper Rule Risk
Lead and copper exceedances and replacement obligations can drive near-term treatment and capital pressure.
Score impact: 5.0 · Family: Capex Pressure
High-AGI Out-Migration
High-AGI outmigration erodes the rate base and compresses affordability headroom.
Score impact: 4.0 · Family: Revenue Fragility
Current Drought Severity
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
Population Served Decline
A shrinking served population weakens the customer base and raises infrastructure cost per customer.
Score impact: 5.5 · Family: Revenue Fragility
HISTORY
Score Trend
Latest
26.0
Trend
+26.0
Observations
48
NC TREASURER FBA
Financial Benchmarks
Population1,386
General Fund Expenditure$1.8M
Fund Balance Available$1.3M
Fund Balance %73.5%
Cash & Investments$5.6M
Assessed Valuation$97.1M
Tax Rate0.7
Effective Tax Rate0.6
Tax Collection %97.7%
Amount Uncollected$16K
Days Cash on Hand
375
Days Cash As Of
Jun 30, 2024
Population Served
1,375