Press Releases
City Officials Have Not Filed Required Audits for Past Two Years, Raising Serious Concerns
Atrium Health $165 Million Bond Refinancing Also Receives Favorable Commission Vote
Cities and Counties Won't Need to Increase Property Taxes
State Treasurer Dale R. Folwell, CPA, and the State Health Plan (Plan) announced today that the State Health Plan Board of Trustees approved the contract award for Pharmacy Benefit Management (PBM) services. The estimated savings for the Plan under this new contract, as compared to the projected current contract, are $701.1 million.
The town of East Laurinburg will cease to exist as an incorporated municipality after June 30, 2022. The Local Government Commission (LGC) voted unanimously Tuesday, Dec. 7, to dissolve the beleaguered Scotland County town, exercising for the first time new statutory power to revoke charters of local governments that are in fiscal distress and unable to sustain operations.
In a letter a few weeks ago, State Auditor Beth Wood insisted that applications to purchase the Bald Head Island ferry (System) by the Village of Bald Head Island (Village) and the Bald Head Island Transportation Authority (Authority) not be included in the December Local Government Commission (LGC) agenda.
Our legal team has reviewed Judge Lee’s order, and because of the Attorney General’s conflict, we have requested and received authorization to pursue outside counsel for this matter.In the meantime, we have asked the Attorney General’s office to pursue an extension of time to the order’s 30-day period. The Attorney General’s office has responded that they are researching the appropriate mechanism and options to do so.
The Department of State Treasurer (DST) and Charlotte Motor Speedway crossed the finish line as winners when they donated $5,398.83 to Speedway Children’s Charites during a ceremony today at
(Beaufort, N.C.) – Edward Teach, the infamous English pirate better known by his high-seas pseudonym Blackbeard, was known to frequent Beaufort with his plunder. Three hundred years later, State Treasurer Dale R. Folwell, CPA, the clean-shaven public servant known as the keeper of the public purse, came to the Crystal Coast to return some treasure to its rightful owners.
Stymied after multiple attempts to gain cooperation from the struggling town of East Laurinburg to correct major bookkeeping, banking and auditing deficiencies, the Local Government Commission (LGC) has voted to impound the town’s books and assume full control of its finances.