RALEIGH — North Carolina paid more than $263 million in management fees to outside fund managers during the most recent fiscal year for its various pensions, an increase of almost 14 percent over the previous year.
MOORESVILLE — A Mooresville developer whose companies own land near Interstate 77 wants a bridge built over the highway that would improve public access to his properties. Opposition to these plans has drawn attention to recently enacted state laws that would allow the $9.5 million cost of the bridge and road improvements to be paid for by area landowners.
CHARLOTTE — David Hartgen, the emeritus professor of transportation studies at the University of North Carolina at Charlotte who did the study, said transportation planners need to look more at commuting by suburban residents instead of focusing on access to downtown business districts.
RALEIGH — North Carolina has been among a handful of states to fund its pension program fully for public school teachers and state workers in recent years, but it will have to pay millions more this year and for years to come because of the recession and the downturn in financial markets.
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