State Treasurer Dale R. Folwell, CPA, and the Boards of Trustees overseeing the Firefighters’ and Rescue Squad Workers’ Pension Fund (FRSWPF) and National Guard Pension Fund (NGPF) announced today that their preliminary estimates indicate significant increases in the funded ratios of both pension plans.
Press Releases
State Treasurer Dale R. Folwell, CPA, through the State and Local Government Finance Division, announced today the sale of approximately $400 million of voter-approved General Obligation Public Improvement (Connect NC) Bonds. The sale is the fourth series authorized by the Connect NC Bond Act of 2015 ($2 billion total authorization) for universities, community colleges, local parks, infrastructure improvement and other projects. The total amount of interest to be paid over the 20-year life of the bonds is approximately $113 million.
State Treasurer Dale R. Folwell, CPA, announced today that the state’s Net Other Post-Employment Benefits (OPEB) has been reduced by almost $3.3 billion.
Treasurer Folwell Announces $700 million in Build NC Bonds "On Track" for Sale at the End of October
State Treasurer Dale R. Folwell, CPA, and the State and Local Government Finance Division (SLGFD) announced today that they were “on track” to issue $700 million in Build NC bonds by the end of October. The bonds are part of a $3 billion transportation package approved by the North Carolina General Assembly in 2018.
State Treasurer Dale R. Folwell, CPA announced today that all three major national bond rating agencies have re-affirmed the State's “AAA” bond rating, noting the state’s strong economic growth and diversification, conservative fiscal management, rainy day fund and other reserves, and low liabilities. North Carolina is one of only 13 states that have an “AAA” rating with all major rating agencies.
It’s your money, and State Treasurer Dale R. Folwell, CPA, is eager to put it back in the hands and wallets of its rightful owners. A new Department of State Treasurer (DST) initiative will dramatically boost the Unclaimed Property Division’s (UPD) ability to speed up the return of millions of dollars in coming months through a free, streamlined process.
State Treasurer Dale R. Folwell, CPA, and the Retirement Systems Division (RSD) announced today that almost $1 million has been sent to survivors of nine public safety officers murdered in the line of duty. The additional payments were authorized as part of “Conner’s Law” that was passed by the North Carolina General Assembly in 2019 as HB 283 and funded in House Bill 425 this year.
State Treasurer Dale R. Folwell, CPA, and the State Health Plan (Plan) announced today that beginning Jan. 1, 2021, members of the Plan who take insulin will not be responsible for any costs for their preferred or non-preferred prescriptions. The new policy will save members $5 million and is designed to increase adherence to the drug most commonly prescribed to treat diabetes.
State Treasurer Dale R. Folwell, CPA, said federal criminal charges against the developer of Rocky Mount’s multimillion-dollar downtown development project cast a troubling shadow on the venture.
State Treasurer Dale R. Folwell, CPA, is encouraging North Carolinians to complete their 2020 Census Bureau forms to ensure the state receives its proper share of hundreds of billions of federal dollars.Federal funding distributions to the state and local governments are critical for everything from education and housing to public works projects and roads.