State Treasurer Dale Folwell says the State Health Plan is paying UNC Health Care too much for member services and treatments. He just doesn’t know how much the potential waste, fraud, and abuse is, and the health care system refuses to give him information needed to correct the…
The state pension fund posted overall gains of 7.3 percent for the 2017-18 fiscal year just ended June 30, outpacing the assumed rate of return on investments. But earnings have slowed to date for the 2018 calendar year, State Treasurer Dale Folwell reported. “For the first…
State Treasurer Dale Folwell gave a chilly reception to issuing a statewide school construction bond even as Gov. Roy Cooper hit the road Tuesday, July 10, pitching one. North Carolina has $50 billion in unfunded retirement system and State Health Plan liabilities. More debt is pending…
North Carolina taxpayers will foot the bill for a $3 billion transportation bond and won’t have a say in being saddled with the debt if House Bill 1010 passes. Reps. Frank Iler, R-Brunswick; Michelle Presnell, R-Yancey; John Torbett, R-Gaston; and Phil…
The $23.9 billion state General Fund budget proposal reduces personal and corporate income taxes and increases education spending by nearly $700 million. It gives raises to teachers, principals, and state employees, and still sets aside millions of dollars in state reserves. The 2018-19 budget was released Monday night…
Update: This story was updated at 3:06 Monday, May 14, to include a comment from Blue Cross and Blue Shield of North Carolina. State Treasurer Dale Folwell has placed a number on a money-saving change he has talked about since taking office…
Returns on state pension fund investments were flat for the first quarter of 2018. That triggered a warning by state Treasurer Dale Folwell about long-term pension stability. Folwell blamed the 0.2 percent gain for the three months ending March 31 largely on a volatile stock market.
North Carolina’s pension plan value surpassed $100 billion for the first time in recent days, but volatility in the stock market has eroded a chunk of the gains, state Treasurer Dale Folwell reported. Folwell made his remarks during his monthly Ask Me Anything teleconference with reporters…
State Treasurer Dale Folwell knows how to pinch pennies in both his state government role and in his personal life. He showed up at Carolina Journal for an interview with Associate Editor Dan Way, pleased to explain a sack brimming with hot dogs. It was half-price day at Snoopy’s. Folwell spoke with characteristic wit, self-deprecating humor, and…
President Trump has been urging Americans to check their 401(k) retirement plans for gains, but individuals aren’t alone in benefiting from the strong economy. State Treasurer Dale Folwell says the state is “seeing a surge” in retirement plan investment earnings for 2017. “We’re looking at a…
