Topics Related to Treasurer Folwell Administration Press Releases
Purchases NC Debt from Defunct Silicon Valley Bank at a Discount, Cancels It, Saving Taxpayers $11 Million
Also Requests Attorney General’s Office to Prioritize Officer-Involved Investigations at Crime Lab
Local Government Commission Approves Over $300 Million in Financing Requests
Parent Company Unilever, PLC, and its Subsidiaries Included in Action
New Chowan County High School Funding and Fremont-Eureka Utility Agreement Also Approved
I wish to congratulate newly appointed State Auditor Jessica Holmes and welcome her to the Council of State. The State Auditor and State Treasurer historically have worked productively on the Council of State, the Local Government Commission and through other activities and programs to determine what’s right, get it right, and keep it right for our taxpayers, communities and future. I look forward to working with State Auditor Holmes and continuing the tradition of cooperation for the betterment of North Carolina and its people.
I am saddened to learn of Charlie Munger’s passing. He has been called an investing genius, business titan, philanthropist, sharp-witted vice-chair of Berkshire Hathaway and Warren Buffett’s right-hand man. In the investment world he was legendary not only for helping Warren Buffett to build a powerful investment conglomerate revered globally, but as an influencer of decisions made by countless others. I first met Charlie and partner Warren Buffett in the early 1990s. Even though Charlie was a billionaire, we shared Southwest Airlines flights from time to time and traded handwritten notes.
Several Housing Authorities Will Issue Bonds To Help Expand the Number of Housing Units
Today, the federal Food and Drug Administration (FDA) approved the first GIP/GLP-1 called “Zepbound” for the purpose of weight loss. The drug is manufactured by Eli Lily and contains tirzepatide, the same active ingredient already present in an existing medication called Mounjaro. The State Health Plan (SHP) added Mounjaro to its approved list of pharmaceuticals for the purpose of treating diabetes effective Jan. 1, 2024.
I was sorry to hear the news that State Auditor Beth Wood will not seek reelection in 2024. She has been a valuable colleague and public servant. She always keeps the best interests of the taxpayers in her heart and mind. I look forward to working with her during the remainder of her term. I’m sure she will finish strong.