Tag:Treasurer Dale Folwell

  • N.C. retains AAA bond rating even with tax cap amendment on ballot

    A constitutional amendment capping the state’s top income tax rate at 7 percent didn’t seem to spook national bond-rating agencies, state Treasurer Dale Folwell said. The three agencies recently reaffirmed the state’s AAA bond rating. Folwell made the announcement about the bond rating Wednesday, July 11.

  • Folwell: Let voters decide proposed transportation bond

    UPDATED, May 23 at 12:25 p.m. to include comments from Rep. Kelly Hastings. A House committee has proposed a $3 billion transportation bond, but state Treasurer Dale Folwell urges lawmakers to put the massive borrowing to a voter referendum if they proceed. “I’m not against more…

  • Folwell promises crackdown on health plan fraud

    State Treasurer Dale Folwell strongly hinted some of the 601 people terminated from the State Health Plan after a recent eligibility audit could be investigated. “We have statutes on the books that allow us to go after folks like this,” Folwell said Tuesday, May 1, during…

  • Folwell watching to be sure trade jitters don’t harm pensions

    Volatility in financial markets related to President Trump’s imposition of steel and aluminum tariffs has N.C. Treasurer Dale Folwell’s attention. Folwell says his department is monitoring the markets to see if the turmoil affects state investments. At this point, he can’t say whether the tariffs, and…

  • Treasurer renegotiating State Health Plan contracts

    The number of state employees and retirees purchasing Medicare Advantage plans might rise from 111,000 to 130,000 in the coming year, but they are facing as much as a 26 percent increase in their premiums. That was the message from state Treasurer Dale Folwell on Tuesday during his monthly “Ask…