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.
Topics Related to SLGFD News Release
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.
Local Government Commission Acts on Many Public Buildings, Infrastructure Requests
Members Also Approved Returning Financial Control to the Town of Eureka and Cliffside Sanitary District
In Other Action, Local Government Commission Returns Financial Control to Town of Spring Lake
Majority of that Amount was for Charlotte Water and Sewer Upgrades
Local Government Commission OKs Nearly $800 Million to Finance Projects Statewide
Local Government Commission Approves Over $1.5 Billion in Financing for Projects Statewide
Local Government Commission Approves Bonds Issuance for County Jail, Town Hall
$73 Million Financing for Mudcats Baseball Stadium in Wilson Among Other Items Approved by LGC