The House K-12 Education committee OK’d the statewide school construction bond bill, but questioned the formula used to decide how much each county would get for school construction. The committee met Tuesday to debate House Bill 241. It pledges $1.9 billion…
State taxpayers would save hundreds of millions of dollars in health insurance costs, thanks to a unanimous ruling Tuesday from the N.C. Court of Appeals. The decision said government retirees don’t have a contractual right to get health insurance coverage from…
State Treasurer Dale Folwell says the state pension plan hemorrhaged $4.1 billion in 2018. Officially known as the N.C. Retirement Systems, the plan reported losses of 1.47 percent for the just-completed calendar year, underperforming its actuarial assumed rate of return of 7 percent. The…
The N.C. Department of Transportation doesn’t have enough debt space to borrow the full $3 billion for local road and bridge construction promised in the Build NC Bond Act of 2018, State Treasurer Dale Folwell says. Folwell made this comment Tuesday…
The state panel that determines how much money North Carolina can prudently borrow over the next 10 years rejected an appeal Wednesday by Gov. Roy Cooper’s budget director to triple the state’s debt ceiling from $2.03 billion to more than $6 billion. The 6-3 vote of…
UNC-Chapel Hill’s largest athletic booster club asked a state agency to approve $98 million in bonds for renovations to the Dean Smith Center and Kenan Stadium and construction of multiple new sports facilities. Skeptical members of the state board controlling the debt said not so fast.
State Auditor Beth Wood renewed her call to punish municipal officials who can’t keep their books straight. Lawmakers returning to Raleigh for the 2019 legislative long session might be asked to toughen enforcement measures. “If you want to be an incorporated town, then you’ve got to…
For years, independent health-care providers have resisted consolidation in the medical market. State Treasurer Dale Folwell hopes to lend them a hand with State Health Plan payment reforms. “We think the long-term success of health care in North Carolina is going to be based on independent…
State Treasurer Dale Folwell says a revised Senate Bill 117 would eliminate some costly benefit options and impose forfeiture of retirement benefits for some criminal offenses. He supports the changes, which are intended to protect the underfunded system. “We have to…
Hospital lobbyists persuaded lawmakers to draft legislation blocking N.C. Treasurer Dale Folwell’s cost-cutting reforms to the State Health Plan, Carolina Journal has learned. Rep. Josh Dobson, R-McDowell, co-chairman of the House Health Committee, is working on a bill to preserve the current…
