Topics Related to SLGFD News Release

In response to ongoing questions from media and the general public about the decision of the Local Government Commission (LGC) to place Greensboro on its Unit Assistance List (UAL), the Department of State Treasurer is releasing the attached fact sheet to answer many of the questions associated with this designation. 

The Chair of the Local Government Commission (LGC), Treasurer Brad Briner, is applauding Ronda’s elected leaders for making the difficult decision to begin the process of dissolving the Town’s charter. This vote, taken Tuesday, is the first step in the process, and LGC officials say it is the responsible path forward. 

The Local Government Commission (LGC) is taking a more consistent approach to identifying local governments that may need additional financial oversight and assistance, regardless of their size. 

The Department of State Treasurer is notifying local governments that it is ready to disperse the 2026 round of Cash Flow loans for Hurricane Helene affected communities.  The legislature appropriated $20 million dollars in this year’s budget for cities and counties who need additional funding due to the extent of their damages and ongoing cleanup and cashflow needs while seeking resources through more traditional means

The Local Government Commission (LGC) approved more than $814 million in financing requests at its Aug. 4 meeting, with proposals supporting drinking water and wastewater infrastructure, PFAS treatment, stormwater improvements, school renovations, public safety facilities, affordable housing and senior living projects across North Carolina.  

Town leaders in Calabash (Brunswick County) plan to relocate its town hall, saying its current one is inadequate to balance workforce capacity with community needs.  The leaders brought this request for $2 million in financing to the Local Government Commission (LGC) today and were approved to move ahead. Calabash officials say this improvement is necessary for the town’s economic operation and the general health and welfare of its residents. The Town will supplement the $2 million in financing with an additional $1.1 million cash, for a total $3.1 million project. 

Carolina fans gear up for game 4 of the Stanley Cup, their home ice is preparing for an upgrade. The Local Government Commission (LGC) approved the Centennial Authority’s debt request for $200,000,000 in bond anticipation notes to continue its improvements of the Lenovo Center.  This investment is meant to modernize and enhance the public structure and add amenities to broaden the arena’s sports and entertainment appeal. 

Bank of America Stadium, home to the NFL’s Carolina Panthers, will begin seeing fan-friendly renovations after the Local Government Commission (LGC) approved three financing requests from the city of Charlotte (Mecklenburg County) totaling over $765 million.