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
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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.
Treasurer Brad Briner and Deputy Treasurer Denise Canada at LGC
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.
The Local Government Commission (LGC) today issued a warning to the city of Rocky Mount to keep its books balanced or else the Commission may be forced to assume control of the town’s finances. This comes after months of LGC communications with the city and after stern warnings to elected city officials about their inadequate oversight of budget and fiscal control practices, which have contributed to unchecked overspending and unreasonably optimistic revenue projections.
Surging population growth in the town of Holly Springs has resulted in the need for new and upgraded infrastructure to meet higher demand, and the Local Government Commission (LGC) today approved $135 million in revenue bonds for projects to meet the town’s needs.
The town, located in Wake County, has seen a population boom from 24,661 in 2010 to 48,674 in 2024, according to U.S. Census data.
Treasurer Brad Briner took out his personal checkbook today to pay off the first loan repayment due for the Cashflow Loan Program. The loans, which were distributed last year to Hurricane Helene-affected communities, had an initial, nominal $1 repayment due this fiscal year. As many communities are still continuing their recovery efforts, the treasurer wants to take one clerical action off their plates.
The Local Government Commission (LGC) today approved requests from the city of Raleigh (Wake County) to issue $221 million in bonds to support its 17-story City Hall across the street from historic Nash Square and to support other public safety buildings.