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.
Topics Related to SLGFD News Release
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.
Orange County’s plan to use $378 million in bonds for school improvements and expansions at outdated schools took a l
Denise Canada has been hired as the Director of the State and Local Government Finance Division and Secretary of the Local Government Commission, State Treasurer Brad Briner announced today. “Denise’s unique background and deep understanding of issues facing both state and local governments will be invaluable as we serve the more than 1,100 units of local government in North Carolina,” said Treasurer Briner. “Denise is the right person to lead this division and I am excited for her to join the team.”
Local governments impacted by Hurricane Helene can apply to the Department of State Treasurer (DST) for cashflow loans as Round 2 of the program prepares to launch. Round 1 resulted in more than $47.5 million being distributed, leaving an estimated $50 million still available.