Topics Related to Treasurer Briner Administration Press Releases

The Department of State Treasurer sold $300 million of bonds today to pay for transportation projects throughout North Carolina.

The Build NC 2025 Bond Package was approved by the Council of State in March and includes projects from New Hanover to Haywood County. These projects are part of the state’s 2018 “Build NC Bond Act,” which funds N.C. Department of Transportation Division Need Projects and Regional Impact Projects. Under law, the state cannot issue more than $300 million per year for projects funded this way.

State Treasurer Brad Briner released the following statement on the Senate’s proposed budget spending plan.

Treasurer Brad Briner made his first “big check” presentation at Shaw University.  Briner was able to get $59,790 back to the University as part of the state’s NC Cash Program.

Shaw leaders initially found the property and came to the Department of State Treasurer’s Unclaimed Property Division to see how they could get it back.  The team worked together to get the vendor checks, credit balances from other businesses and more back to the school.

Briner met with Shaw University President Dr. Paulette Dillard on Friday to present the check.

State Treasurer Brad Briner announced today S&P Ratings has affirmed North Carolina’s AAA ratings on its outstanding general obligation bonds.  This is the second AAA bond rating announced in the past week- with Moody’s assigning the same rating last Wednesday.

There were also high ratings for two upcoming transportation bonds.  The Limited Obligation (BuildNC) Bonds with a proposed amount of $300 million have an AA+ rating.  The Grant Anticipation Revenue Vehicle Bonds for $475 million is rated at AA.

State Treasurer Brad Briner announced today Moody’s Ratings has affirmed its 'AAA' issuer rating, the AAA ratings on its outstanding general obligation bonds, the Aa1 ratings on its outstanding appropriation bonds, and the Aa3 ratings on its outstanding GARVEEs.

The Local Government Commission (LGC) approved $1.85 billion in financing applications at its meeting Tuesday, April 1. The projects included a vital extension of the Triangle Expressway in Raleigh to relieve longstanding and growing traffic congestion. 

North Carolina State Treasurer Brad Briner and OpenAI today announced a pilot program to use artificial intelligence to improve government services for the people of North Carolina. Over the next 12 weeks, the Department of State Treasurer (DST) and OpenAI will explore ways to safely and responsibly use ChatGPT in combination with publicly available data to increase operational efficiency and enhance public service delivery to North Carolina’s residents.

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.

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.