The Debt Affordability Advisory Committee’s report is an annual, nonpolitical, informational report from a bipartisan committee. It is required by statute to analyze the state’s debt capacity. That capacity is directly related to the state’s creditworthiness. The state is no more or less creditworthy today, than it was the day before the report was issued.
Topics Related to OST Press Release
North Carolina State Treasurer Dale R. Folwell, CPA, held his first “Ask Me Anything” Session for members of the media on Monday, February 27th. As part of his initiative to increase transparency within the Department of State Treasurer, Treasurer Folwell has announced monthly conference calls as an open forum for discussion that is available to reporters across the state.
On Tuesday, April 18th, North Carolina State Treasurer Dale R. Folwell, CPA, held an “Ask Me Anything” Session for members of the media to discuss his first 100 days in office. Topics included the progress in reducing fees paid to external pension fund managers by $100 million during his term in office and also benefit changes to the State Health Plan.
State Treasurer Dale R. Folwell, CPA, joined the credit rating agency Moody’s in recognizing new legislation bolstering the state’s Savings Reserve or, “Rainy Day Fund,” as a “credit positive” measure.
Treasurer Dale R. Folwell, CPA, announced today that the North Carolina Council of State voted to approve the issuance of up to $150 million in General Obligation (GO) Refunding Bonds as well as up to $300 million in Limited Obligation Refunding Bonds. The bonds will be used to refund outstanding obligations to take advantage of lower interest rates thus reducing financing costs for taxpayers.
On Tuesday, May 16th, North Carolina State Treasurer Dale R. Folwell, CPA, held an “Ask Me Anything” Session for members of the North Carolina media. Treasurer Folwell answered questions about the recent lowering of the assumed rate of rate for pension investments and the financial health of the State Health Plan.
North Carolina State Treasurer Dale R. Folwell, CPA, responded today to a court decision pertaining to litigation involving the Department of State Treasurer’s administration of the contribution-based benefit cap (CBBC) for the North Carolina retirement systems.
On Tuesday, June 13th, North Carolina State Treasurer Dale R. Folwell, CPA, held an “Ask Me Anything” Session for members of the media. Treasurer Folwell gave an update on his efforts to reduce management fees paid to Wall Street for the state’s pension fund and also answered questions on controlling costs within the State Health Plan.
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, all with stable outlooks, in preparation for the upcoming sale of approximately $106 million of General Obligation (GO) Bonds and $300 million in Limited Obligation Bonds (LOB). The GO and LOBs are scheduled to be competitively sold later this month. The bonds are being issued to take advantage of lower interest rates, thus reducing interest costs for taxpayers.
Fund Balance Hits All-Time High during 2nd Quarter