State Treasurer Dale R. Folwell, CPA, today asked the owners of the ferry system between Southport, N.C., and Bald Head Island to give the entire system to the Village of Bald Head Island or the Bald Head Island Transportation Authority (BHITA). A proposal to sell the ferry system has been in the works since 2017 when legislation was passed to facilitate the sale. A gift could generate tremendous tax benefits to the family or estate.
Topics Related to SLGFD News Release
The Local Government Commission (LGC), chaired by State Treasurer Dale R. Folwell, CPA, voted on Tuesday, Dec. 1, to approve more than $57 million in municipal financing requests that include construction and purchase of police and fire buildings and other municipal facilities.
State Treasurer Dale R. Folwell, CPA, announced today that four local governments have been designated as distressed units that could qualify for funding to develop long-term solutions for their water and wastewater systems.
The Local Government Commission (LGC) is scheduled to take action at its meeting on Tuesday, Nov. 10, to clear the way for financially struggling local governments to be declared distressed governmental units under Viable Utility Reserve legislation introduced in Session Law 2020-79.
Local Government Commission (LGC) action is helping a global pharmaceutical company to open a plant in Clayton that will manufacture diabetes medications, and state Treasurer Dale R. Folwell, CPA, said State Health Plan (SHP) members could see some benefits.
State Treasurer Dale R. Folwell, CPA, and the State and Local Government Finance Division (SLGFD) announced the sale of $700 million of Build NC Bonds. The bonds are part of a $3 billion transportation package approved by the North Carolina General Assembly (NCGA) in 2018.
State Treasurer Dale R.
State Treasurer Dale R. Folwell, CPA, through the State and Local Government Finance Division, announced today the sale of approximately $400 million of voter-approved General Obligation Public Improvement (Connect NC) Bonds. The sale is the fourth series authorized by the Connect NC Bond Act of 2015 ($2 billion total authorization) for universities, community colleges, local parks, infrastructure improvement and other projects. The total amount of interest to be paid over the 20-year life of the bonds is approximately $113 million.
Treasurer Folwell Announces $700 million in Build NC Bonds "On Track" for Sale at the End of October
State Treasurer Dale R. Folwell, CPA, and the State and Local Government Finance Division (SLGFD) announced today that they were “on track” to issue $700 million in Build NC bonds by the end of October. The bonds are part of a $3 billion transportation package approved by the North Carolina General Assembly in 2018.
State Treasurer Dale R. Folwell, CPA announced today that all three major national bond rating agencies have re-affirmed the State's “AAA” bond rating, noting the state’s strong economic growth and diversification, conservative fiscal management, rainy day fund and other reserves, and low liabilities. North Carolina is one of only 13 states that have an “AAA” rating with all major rating agencies.