The 12-week pilot program between the North Carolina Department of State Treasurer (DST) and OpenAI found millions of dollars in potential unclaimed property that could soon be on its way back to North Carolinians. The partnership was formed to see how artificial intelligence could be used to help improve government services. After three months, DST’s initial findings show operational efficiency has been improved in key areas of our department, allowing us to better serve the people of North Carolina.
Press Releases
In response to today’s United States Supreme Court ruling in the United States v. Skrmetti case, N.C. Treasurer Brad Briner released the following statement:
The Department of State Treasurer (DST) has notified local governments of their second round of interest-free loans for Hurricane Helene relief. This round of Cashflow Loans uses the remaining $34.4M provided by the legislature in the Disaster Recovery Act of 2024.
State Treasurer Brad Briner’s effort to modernize and improve North Carolina’s investment strategy became law today. In a ceremony this morning at the executive mansion, the 2025 Investment Modernization Act was signed by Gov. Josh Stein. The landmark reforms in the legislation, House Bill 506, will shift sole responsibility of the investment decisions of the state pension plan from the treasurer to a newly created, multi-member Investment Authority tasked with increasing investment returns.
After months of negotiation, The Department of State Treasurer (DST), along with the State Health Plan (Plan), has reached an untenable impasse with CVS Caremark (Caremark) which refuses to honor its current contract with the State Health Plan. The negotiations with Caremark have been unsuccessful which potentially endangers the financial well-being of the Plan and its members who serve the state of North Carolina every day.
Orange County’s plan to use $378 million in bonds for school improvements and expansions at outdated schools took a l
Denise Canada has been hired as the Director of the State and Local Government Finance Division and Secretary of the Local Government Commission, State Treasurer Brad Briner announced today. “Denise’s unique background and deep understanding of issues facing both state and local governments will be invaluable as we serve the more than 1,100 units of local government in North Carolina,” said Treasurer Briner. “Denise is the right person to lead this division and I am excited for her to join the team.”
The State Health Plan (Plan) Board of Trustees met today to make pivotal decisions on the future direction of the Plan with actions to address its $507 million deficit. The board approved changes to benefits for the 2026 benefit year, which will begin Jan. 1, 2026. Member premiums will not be voted on until the August board meeting.
State Treasurer Brad Briner released the following statement in response to the House’s proposed state spending plan.“State House leaders have taken the needs of state employees to heart in this budget proposal,” Briner said. “The House proposal fully funds the pension plan and increases funding to the State Health Plan to help in our effort to provide affordable, high-quality health care for state workers. Investments made in salary increases and cost-of-living bonuses will help ensure that the state can retain top talent.”
Local governments impacted by Hurricane Helene can apply to the Department of State Treasurer (DST) for cashflow loans as Round 2 of the program prepares to launch. Round 1 resulted in more than $47.5 million being distributed, leaving an estimated $50 million still available.