Topics Related to SLGFD News Release

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.

The Local Government Commission (LGC) voted Tuesday, Jan. 7, to approve $387 million spread across three applications from Mecklenburg County for public safety, education and recreation projects and bond refinancing.

A majority of Local Government Commission (LGC) members veered from longstanding staff guidelines to approve an incomplete $78 million financing request from Cabarrus County at their meeting Tuesday, Nov. 12. The 5-4 vote went against a staff recommendation to delay the vote while awaiting important information to complete the county’s application. Commission members unanimously approved a separate Cabarrus County request for $73 million. 

State Treasurer Dale R. Folwell, CPA announced today that S&P Global Ratings has affirmed its 'AAA' long-term rating on North Carolina's outstanding general obligation (GO) bonds. Additionally, the agency affirmed the state’s 'AA+' rating on appropriation-backed obligations including Build NC bonds and those issued by the North Carolina Turnpike Authority.