North Carolina taxpayers will save millions of dollars as a result of old bonds — issued for numerous capital projects around the state — being refunded at a lower interest rate.
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“I’ve been wanting to go to the State Fair” for years, Donna Lambert said. This year she had thousands of reasons to attend after money intended for Help Ministries of Troutman was discovered in Department of State Treasurer (DST) safekeeping.
More good news from bonding agencies today - as S&P assigned another AAA bond rating to North Carolina’s outstanding general obligation bonds. This is the highest ranking a state can be given and indicates it is both financially stable and has a high level of credit worthiness.
State Treasurer Brad Briner announced today Moody’s has affirmed North Carolina’s Aaa rating on its outstanding general obligation bonds. The credit rating agency declared: “North Carolina is one of the strongest states according to nearly every measure.”