The Local Government Commission (LGC) has approved up to $3 million to assist 15 local government units in assessing and inventorying their water and sewer assets as part of a process to determine long-term viability needs. The studies could lead to more cost-effective and efficient regionalized services.
Topics Related to Treasurer Folwell Administration Press Releases
State Treasurer Dale. R. Folwell, CPA, applauds the Biden administration’s action to protect patients from surprise medical billing. The U.S. Department of Health and Human Services issued a rule Thursday, July 1, under the bipartisan No Surprises Act passed by Congress in 2020 to ban most surprise billing practices.
After years of imprudent financial practices, the towns of Spring Lake and Scotland Neck passed responsible budgets this week, prompting State Treasurer Dale R. Folwell, CPA, to praise their action and to applaud the Local Government Commission’s (LGC) financial accountability agreement system that played a role in the turnaround.
Having reviewed responses from other North Carolina Council of State (COS) members, State Treasurer Dale R.
Much needed changes promoting good government at the Department of State Treasurer (DST) were signed into law yesterday by Gov. Roy Cooper. Passed with the bipartisan support by the North Carolina General Assembly, all four pieces of legislation will significantly help DST provide vital services to state and local employees. The four bills are:
State Treasurer Dale R. Folwell, CPA, called on Gov. Roy Cooper to allow Executive Order 206 to expire on June 30. The order was originally issued in October 2020 and most recently e
After raising deep concerns over potential budget deficits, longstanding fiscal disarray and an investigation into missing money, members of the Local Government Commission (LGC) voted to warn Spring Lake that it faces potential state takeover of its financial affairs.
The LGC, chaired by State Treasurer Dale R. Folwell, CPA, and staffed by members of the Department of State Treasurer’s State and Local Government Finance Division, voted unanimously in an emergency meeting Tuesday, June 22, to send a notice of warning to the town of 12,000 residents.
Statement from State Treasurer Dale R. Folwell, CPA on Senate Bill 105 – the 2021 Appropriations Act
I would like to thank the members of the North Carolina Senate for advancing such a fiscally responsible budget. The current proposal fully funds the State Health Plan, the state retirement systems and the state’s debt service as well as setting aside, for the first time ever, money for the Pension Solvency Reserve. Additionally, it provides unparalleled resources for water and sewer infrastructure needs at a time when communities are struggling to maintain fiscal stability while meeting public health and environmental responsibilities.
Forsyth, Moore and Hoke counties have received approval from the Local Government Commission (LGC) to obtain a combined $281 million in financing to build government buildings, and to erect and upgrade other facilities.
The action was part of more than $1 billion in financing approved June 1 by the LGC, chaired by State Treasurer Dale R. Folwell, CPA, and staffed by Department of State Treasurer personnel.
Currituck County is taking great strides to strengthen its ability to pay future retirement benefits to employees, and State Treasurer Dale R. Folwell, CPA, praised the coastal county for its efforts.