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.
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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
Pension Fund Valuations Highest Ever During 2nd Quarter
Final Bond Refinancing Reduces Debt Service Costs by $133 million
On Tuesday, October 10, 2017, North Carolina State Treasurer Dale R. Folwell, CPA, will hold an “Ask Me Anything” session for members of the media. These monthly calls are an opportunity for reporters across the state to ask anything about the department’s initiatives, including the Retirement Systems Division, State Health Plan, State and Local Government Finance Division, or the Unclaimed Property Fund.
North Carolina State Treasurer Dale R. Folwell, CPA, sent a letter today to President Donald J. Trump asking him to extend the moratorium on the Health Insurance Tax (HIT) set to expire at the end of 2017.