Topics Related to SLGFD News Release
Duke University Health System (Durham) is in line to receive more than a half-billion dollars in financing after the Local Government Commission (LGC) approved bond issues in that amount at the LGC’s Tuesday, May 6, meeting.
The Department of State Treasurer sold $442 million of bonds today to pay for transportation projects in Wake and Johnston counties and to refund certain previous bonds.
The Department of State Treasurer sold $300 million of bonds today to pay for transportation projects throughout North Carolina.The Build NC 2025 Bond Package was approved by the Council of State in March and includes projects from New Hanover to Haywood County. These projects are part of the state’s 2018 “Build NC Bond Act,” which funds N.C. Department of Transportation Division Need Projects and Regional Impact Projects. Under law, the state cannot issue more than $300 million per year for projects funded this way.
State Treasurer Brad Briner announced today S&P Ratings has affirmed North Carolina’s AAA ratings on its outstanding general obligation bonds. This is the second AAA bond rating announced in the past week- with Moody’s assigning the same rating last Wednesday.There were also high ratings for two upcoming transportation bonds. The Limited Obligation (BuildNC) Bonds with a proposed amount of $300 million have an AA+ rating. The Grant Anticipation Revenue Vehicle Bonds for $475 million is rated at AA.
State Treasurer Brad Briner announced today Moody’s Ratings has affirmed its 'AAA' issuer rating, the AAA ratings on its outstanding general obligation bonds, the Aa1 ratings on its outstanding appropriation bonds, and the Aa3 ratings on its outstanding GARVEEs.
The Local Government Commission (LGC) approved $1.85 billion in financing applications at its meeting Tuesday, April 1. The projects included a vital extension of the Triangle Expressway in Raleigh to relieve longstanding and growing traffic congestion.
State Treasurer Brad Briner announced today that Jeff Poley will be the interim State and Local Government Finance Division director (SLGFD). This comes after current Deputy Treasurer Debbie Tomasko announced her departure earlier this month.Poley is currently responsible for the Hurricane Helene Cashflow Loan Program in the Department of State Treasurer. Poley was able to create that new loan program from the ground up in just seven weeks, to get money in the hands of the communities in western North Carolina who needed it most.
A significant change to a 13-year-old policy was approved by the N.C. Capital Facilities Finance Agency (NCCFFA) this week.
The Department of State Treasurer (DST) has begun delivering the first round of interest-free loans for Hurricane Helene relief to local governments, and more checks from that initial tranche are forthcoming soon, State Treasurer Brad Briner announced today.
Charlotte will have the means to address crowded and deteriorated streets and enhance efforts to reduce traffic fatalities now that the Local Government Commission (LGC) has approved $400 million in general obligation bonds. The Charlotte bonds were approved by voter referenda in the November election. They cover three main project areas: Transportation ($238 million), housing ($100 million) and neighborhood improvement ($61.7 million). A tax increase estimated at .25 cents per $100 of assessed property valuation is expected to cover the costs.