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. This savings is thanks to the work of the State and Local Government Finance Division (SLGFD) to modernize the state’s debt processes.
Topics Related to SLGFD News Release
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.”In its rating Moody’s said: “North Carolina's Aaa issuer rating recognizes very low leverage … and an economic growth rate that continues to outperform nearly all other states in the region.”
The city of Charlotte (Mecklenburg County) will move forward with long-planned street work and neighborhood improvements after receiving Local Government Commission (LGC) approval of a $200 million request to issue a short-term bond.
Local Government Commission (LGC) members cleared the way on Sept. 9 for the state to contract for an outside, independent audit of the Winston-Salem/Forsyth County Schools. The school system has been cited for financial mismanagement and a $46 million budget deficit that led to eliminating 350 positions.
State Treasurer Brad Briner has uncovered $170 million in unspent and unallocated funds as part of a detailed review of the state’s accounts.
Wake County will be able to seek financing to build a new Morrisville High School now that the Local Government Commi
An effort to keep state dollars in North Carolina came to fruition today at the N.C.
The next round of interest-free Cashflow Loans is ready to be distributed to local governments in need. This will be the third installment of loans disbursed as a way to help communities who are already hard at work recovering from Hurricane Helene.
New State and Local Government Finan
The Department of State Treasurer (DST) has notified local governments of their second round of interest-free loans for Hurricane Helene relief. This round of Cashflow Loans uses the remaining $34.4M provided by the legislature in the Disaster Recovery Act of 2024.