Topics Related to SLGFD News Release
State Treasurer Dale R. Folwell, CPA, called on Gov. Roy Cooper and Attorney General Josh Stein to grant waivers from Executive Order 142 for cities that operate citizen-owned utilities like ElectriCities of North Carolina. Without the waivers some of the citizen-owned utilities could face potential bankruptcy.
State Treasurer Dale R. Folwell, CPA, expressed appreciation today that the Cooper administration has answered his call by providing $323,504 to Tyrrell County and the Town of Columbia for estimated water and sewer system payments the state would have made had it not closed the Tyrrell Work Farm Prison Unit. He is urging Gov. Roy Cooper to reopen the prison to restore lost jobs and business-related tax revenue.
State Treasurer Dale R. Folwell, CPA, has asked the Cooper Administration to pay $304,735.73 representing the estimated water and sewer payments that would have been made to Tyrrell County and the Town of Columbia from the State of North Carolina for the first five months of this year. In September of 2019, the Department of Public Safety (DPS) closed the prison in Tyrrell County, citing staffing shortages of corrections officers and prison personnel.
State Treasurer Dale R. Folwell, CPA, and the Local Government Commission (LGC) announced today that starting with the Jan. 7, 2020 meeting, the LGC will provide a call-in number for members of the media to monitor the monthly meetings of the commission. The new service is part of the Department of State Treasurer’s (DST) ongoing transparency initiatives across its divisions.
State Treasurer Dale R. Folwell, today called for Governor Roy Cooper to replace his N.C. Department of Transportation (NCDOT) secretary. NCDOT has spent nearly $7 billion for fiscal year 2019 against revenues of $5 billion for that year. This overspending resulted in NCDOT, not the governor, going to the North Carolina General Assembly (NCGA) and requesting a bailout costing hundreds of millions of dollars. Being treated differently than every other branch of state government and not held to account requires discipline that the leadership at NCDOT has not demonstrated.
State Treasurer Dale R. Folwell, CPA, through the State and Local Government Finance Division, announced today the issuance of $600 million of voter-approved General Obligation Public Improvement (Connect NC) Bonds. The sale is the third of $2 billion approved in 2016 for universities, community colleges, local parks, infrastructure improvement and other projects. The total amount of interest to be paid over the life of the Bonds is approximately $212 million. The prior issuances of $200 million and $400 million occurred in 2016 & 2018 respectively.
Fund Earned 4.1 Percent for 1st Quarter of 2017
State Treasurer Dale R. Folwell, CPA, through the State and Local Government Finance Division, announced today the issuance of approximately $106 million of general obligation refunding bonds. The bonds were issued and sold to take advantage of lower interest rates, thus reducing interest costs for taxpayers. The bonds were purchased by Citigroup Global Markets, Inc.
Total Interest Savings from Bond Refunding Almost $100 million
Treasurer Expects Savings to go Toward Solvency Reserve Fund