The Local Government Commission (LGC), chaired by State Treasurer Dale R. Folwell, CPA, voted on Tuesday, Dec. 1, to approve more than $57 million in municipal financing requests that include construction and purchase of police and fire buildings and other municipal facilities.
Press Releases
State Treasurer Dale R. Folwell, CPA, will broadcast the Dec. 1, 2020 Council of State (COS) meeting live on the Department of State Treasurer (DST) Facebook page starting at 9 a.m.
State Treasurer Dale R. Folwell, CPA, announced today that four local governments have been designated as distressed units that could qualify for funding to develop long-term solutions for their water and wastewater systems.
The Local Government Commission (LGC) is scheduled to take action at its meeting on Tuesday, Nov. 10, to clear the way for financially struggling local governments to be declared distressed governmental units under Viable Utility Reserve legislation introduced in Session Law 2020-79.
The results reflect that voters of all persuasions wanted to keep the best treasurer money can’t buy. Every major newspaper, the State Employees Association of North Carolina and other important groups endorsed our culture of competence and transparency on behalf of those who teach, protect and otherwise serve and taxpayers like them. As the keeper of North Carolina’s public purse there is no Republican, Democrat or Independent money at the Treasurer’s Office. It’s all green!
Local Government Commission (LGC) action is helping a global pharmaceutical company to open a plant in Clayton that will manufacture diabetes medications, and state Treasurer Dale R. Folwell, CPA, said State Health Plan (SHP) members could see some benefits.
State Treasurer Dale R. Folwell, CPA, and the State and Local Government Finance Division (SLGFD) announced the sale of $700 million of Build NC Bonds. The bonds are part of a $3 billion transportation package approved by the North Carolina General Assembly (NCGA) in 2018.
State Treasurer Dale R. Folwell, CPA, and the Investment Management Division (IMD) announced today the findings of a CEM Benchmarking (CEM) report of an investment cost analysis of the North Carolina Retirement Systems (NCRS). Investment costs are broadly defined as the costs associated with making investments, including management fees and oversight costs of running the investment program.
State Treasurer Dale R.
State Treasurer Dale R. Folwell, CPA, and the Retirement Systems Division (RSD) reported that retirement applications initiated online have gone from 0 to 38% in less than two years. Prior to the introduction of the online system in 2018, members had to go to the ORBIT system, print and manually fill out an application.