State Treasurer Dale R. Folwell, CPA, announced that he is joining 23 other state treasurers, auditors and financial officers in signing a letter opposing legislation that gives the Internal Revenue Service (IRS) sweeping new powers to monitor American bank accounts with more than $600 in deposited funds.
Press Releases
Says Hiring Disabled Workers Could Help Ease State’s Employment Crisis
The Local Government Commission (LGC) has approved a request by the town of Clayton to seek an $80 million revolving loan provided by the state of North Carolina for a sewage treatment facility to accommodate rapid residential growth and industrial demands. But first the town and two major industrial users must reach agreement on protecting ratepayers should the industries’ usage demand — and payments — significantly decline from projections.
Additional federal unemployment benefits are scheduled to expire on Sept. 6, as the pandemic emergency employment compensation and pandemic unemployment assistance programs are ending. These programs are paying an additional $300 a week to eligible unemployment applicants. Many feel that the extra payments are preventing people from returning to work.
In a sweeping success story for local governments around the state, the Local Government Commission (LGC) has removed 38 entities from its Unit Assistance List (UAL), a monitoring device that flags and tracks local governments and public authorities battling financial and governance challenges.The LGC, which is chaired by State Treasurer Dale R. Folwell, CPA, and staffed by the Department of State Treasurer (DST), recently announced that the 27 towns, eight counties and three utility districts had made such significant improvements that they were no longer included on the list.
I’d like to thank Gov. Roy Cooper for signing SB 314 - the Local Government Commission “Tool Kit” into law. This important legislation will give the LGC more means to help local government units exhibiting fiscal distress. Much appreciation goes to Sen.
State Treasurer Dale R. Folwell, CPA, announced today the awarding of $252.6 million in Grant Anticipation Revenue Vehicle Bonds (GARVEE bonds). GARVEE bonds are revenue bonds that allow the state to pledge future federal highway funds to pay debt service. The funds will be used to accelerate construction on a variety of N.C. Department of Transportation projects.
While Visiting UNC-Wilmington He Promotes NC ABLE Program Set Up to Financially Assist I/DD Individuals
Treasurer Dale R. Folwell, CPA, the Supplemental Retirement Board of Trustees and staff have been recognized by the National Association of Government Defined Contribution Administrators (NAGDCA) with two national leadership awards recognizing outstanding achievements in Technology and Interactive Multimedia and National Retirement Security Month awareness.
The Local Government Commission (LGC) has approved a request from Wake County to finance nearly $600 million for school and community college construction and renovation.