State Treasurer Brad Briner announced today S&P Ratings has affirmed North Carolina’s AAA ratings on its outstanding general obligation bonds. This is the second AAA bond rating announced in the past week- with Moody’s assigning the same rating last Wednesday.There were also high ratings for two upcoming transportation bonds. The Limited Obligation (BuildNC) Bonds with a proposed amount of $300 million have an AA+ rating. The Grant Anticipation Revenue Vehicle Bonds for $475 million is rated at AA.
Press Releases
State Treasurer Brad Briner announced today Moody’s Ratings has affirmed its 'AAA' issuer rating, the AAA ratings on its outstanding general obligation bonds, the Aa1 ratings on its outstanding appropriation bonds, and the Aa3 ratings on its outstanding GARVEEs.
The Local Government Commission (LGC) approved $1.85 billion in financing applications at its meeting Tuesday, April 1. The projects included a vital extension of the Triangle Expressway in Raleigh to relieve longstanding and growing traffic congestion.
North Carolina State Treasurer Brad Briner and OpenAI today announced a pilot program to use artificial intelligence to improve government services for the people of North Carolina. Over the next 12 weeks, the Department of State Treasurer (DST) and OpenAI will explore ways to safely and responsibly use ChatGPT in combination with publicly available data to increase operational efficiency and enhance public service delivery to North Carolina’s residents.
State Treasurer Brad Briner announced today that Jeff Poley will be the interim State and Local Government Finance Division director (SLGFD). This comes after current Deputy Treasurer Debbie Tomasko announced her departure earlier this month.Poley is currently responsible for the Hurricane Helene Cashflow Loan Program in the Department of State Treasurer. Poley was able to create that new loan program from the ground up in just seven weeks, to get money in the hands of the communities in western North Carolina who needed it most.
Ty Powers has been hired as an Investment Director for the Department of State Treasurer’s (DST) Investment Management Division (IMD), State Treasurer Brad Briner announced today.
State Treasurer Brad Briner is responding to the budget proposal put forward by Gov. Josh Stein today:“We are disappointed the Governor is proposing for only the second time in 83 years to not fully fund our state’s retirement system. This proposal sent to lawmakers today would create a $206 million shortfall in the funds for our retirees over the next two years,” said Treasurer Briner.The Treasurer said he is confident legislative leaders will take the needs of the state’s retirees more seriously.
“I am pleased Governor Josh Stein and the legislature are focused on Western North Carolina. The Department of State Treasurer appreciated their support as we worked quickly to get money to the devastated communities through our $100M Cashflow loan program. These loans are helping cities and towns continue their cleanup efforts as they wait for federal money to arrive.”
A significant change to a 13-year-old policy was approved by the N.C. Capital Facilities Finance Agency (NCCFFA) this week.
The Department of State Treasurer (DST) has begun delivering the first round of interest-free loans for Hurricane Helene relief to local governments, and more checks from that initial tranche are forthcoming soon, State Treasurer Brad Briner announced today.