I would like to thank State Auditor Beth Wood and her staff for their hard work in today’s audit that found misappropriations of funds in East Laurinburg. In addition, I am asking the North Carolina General Assembly to immediately decharter East Laurinburg.
Topics Related to Treasurer Folwell Administration Press Releases
State Treasurer Dale R. Folwell, CPA, said North Carolina is in the throes of an “employment crisis” and businesses struggling to find workers should consider hiring people living with intellectual and developmental disabilities.
State Treasurer Dale R. Folwell, CPA, acknowledged today that he received a letter from the National Legal and Policy Center (NLPC) requesting that North Carolina join others in “the immediate divestiture of Unilever [Ben & Jerry’s] holdings in all public pension funds managed and controlled by the State of North Carolina.” State
Agriculture Commissioner Troxler and Bandwidth CEO/co-founder David Morken to Attend
The Local Government Commission has voted to take over the finances of Spring Lake, citing concerns the town might be in danger of default on November debt service payments totaling $221,385 without corrective measures. The rare action comes two months after a powerful warning to town officials they needed to get their budget and fiscal control practices in order.
State Treasurer Dale R. Folwell, CPA, announced that he is joining 23 other state treasurers, auditors and financial officers in signing a letter opposing legislation that gives the Internal Revenue Service (IRS) sweeping new powers to monitor American bank accounts with more than $600 in deposited funds.
Says Hiring Disabled Workers Could Help Ease State’s Employment Crisis
The Local Government Commission (LGC) has approved a request by the town of Clayton to seek an $80 million revolving loan provided by the state of North Carolina for a sewage treatment facility to accommodate rapid residential growth and industrial demands. But first the town and two major industrial users must reach agreement on protecting ratepayers should the industries’ usage demand — and payments — significantly decline from projections.
Additional federal unemployment benefits are scheduled to expire on Sept. 6, as the pandemic emergency employment compensation and pandemic unemployment assistance programs are ending. These programs are paying an additional $300 a week to eligible unemployment applicants. Many feel that the extra payments are preventing people from returning to work.
In a sweeping success story for local governments around the state, the Local Government Commission (LGC) has removed 38 entities from its Unit Assistance List (UAL), a monitoring device that flags and tracks local governments and public authorities battling financial and governance challenges.
The LGC, which is chaired by State Treasurer Dale R. Folwell, CPA, and staffed by the Department of State Treasurer (DST), recently announced that the 27 towns, eight counties and three utility districts had made such significant improvements that they were no longer included on the list.