Topics Related to SLGFD News Release
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.
State Treasurer Dale R. Folwell, CPA, said federal criminal charges against the developer of Rocky Mount’s multimillion-dollar downtown development project cast a troubling shadow on the venture.
State Treasurer Dale R. Folwell, CPA, is encouraging North Carolinians to complete their 2020 Census Bureau forms to ensure the state receives its proper share of hundreds of billions of federal dollars.Federal funding distributions to the state and local governments are critical for everything from education and housing to public works projects and roads.
State Treasurer Dale R. Folwell, CPA, announced today that he has confirmed with Tyrrell County Commission Chair Nathan Everett that more than 125 prisoners have been transferred to the Tyrrell Prison Work Farm.
State Treasurer Dale R. Folwell, CPA, announced today that Greg C. Gaskins will leave his position as Secretary of the North Carolina Local Government Commission (LGC) and Deputy Treasurer of the State and Local Government Finance Division (SLGFD) on Nov. 30, 2020. Greg has served admirably in these positions since February of 2015. Sharon Edmundson, currently Director of the Fiscal Management Section, will be promoted effective immediately to Deputy Treasurer and Division Director of the SLGFD. She will succeed Gaskins as Secretary of the LGC on Dec. 1, 2020.
State Treasurer Dale R. Folwell, CPA, today invited all members of the Council of State (COS) to join him at the Department of State Treasurer (DST) to participate in the regularly scheduled COS meeting. Attendees will be socially distancing and adhering to all federal Centers for Disease Control and Prevention and state Department of Health and Human Services guidelines. Last week, Treasurer Folwell requested that Gov. Roy Cooper hold the July 7 COS meeting at its regular location in the Dobbs building. The request was denied.
State Treasurer Dale R. Folwell, CPA, voiced his support for the City Council of Elizabeth City’s decision to resume collections of utility payments in opposition to Executive Order 142. On June 8, the city voted to request Attorney General Josh Stein and Gov. Roy Cooper grant the city a waiver from the order.