Topics Related to Treasurer Briner Administration Press Releases
State Treasurer Brad Briner is responding to the budget proposal put forward by Gov. Josh Stein today:“We are disappointed the Governor is proposing for only the second time in 83 years to not fully fund our state’s retirement system. This proposal sent to lawmakers today would create a $206 million shortfall in the funds for our retirees over the next two years,” said Treasurer Briner.The Treasurer said he is confident legislative leaders will take the needs of the state’s retirees more seriously.
Ty Powers has been hired as an Investment Director for the Department of State Treasurer’s (DST) Investment Management Division (IMD), State Treasurer Brad Briner announced today.
“I am pleased Governor Josh Stein and the legislature are focused on Western North Carolina. The Department of State Treasurer appreciated their support as we worked quickly to get money to the devastated communities through our $100M Cashflow loan program. These loans are helping cities and towns continue their cleanup efforts as they wait for federal money to arrive.”
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.
State Treasurer Brad Briner and the North Carolina Supplemental Retirement Plans Board of Trustees (Board) unanimously approved a 12-month waiver extension of its administrative fee. This action was taken at the regularly scheduled quarterly Board meeting held on Feb. 20 and will save the NC 401(k) Plan and NC 457 Plan (Plans) participants approximately $1.7 million over the next year.
Andrew Hoffmann has been hired as Investment Director for the Department of State Treasurer’s Investment Management Division, State Treasurer Brad Briner announced today. “Andy will serve a critical role as we continue to rebalance assets in the North Carolina Retirement Systems to better align with long-term investment objectives, including eliminating our pension deficits,” Treasurer Briner said.
Brandon Watson has been appointed the Department of State Treasurer’s Chief Financial Officer, 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 Department of State Treasurer (DST) is poised to begin approving loans this month from a $100 million program created to help local governments still reeling from the ravages of Hurricane Helene, State Treasurer Brad Briner announced at today’s Council of State meeting.