As the State Treasurer nears the end of his political career, Folwell still has some things to say
Published: Monday, June 5th, 2023 @ 8:06 pm
By: Beaufort Observer Editorial Team
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(Raleigh, N.C.) – State Treasurer Dale R. Folwell, CPA, and the State Health Plan (Plan) Board of Trustees (Board) announced today that the Board will not enforce the Plan’s benefit exclusion regarding treatment or studies leading to or in connection with sex transition or modifications and related
Published: Thursday, July 14th, 2022 @ 8:51 am
By: Stan Deatherage
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The 2020 election season starts unofficially today at noon, with the opening of candidate filing for most races.
Published: Sunday, December 8th, 2019 @ 10:02 am
By: Carolina Journal
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I’ve been watching the emerging election for North Carolina’s Senate seat and wonder if we are seeing symptoms of a larger trend.
Published: Tuesday, May 21st, 2019 @ 12:13 pm
By: Tom Campbell
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More than two years after releasing a scathing report alleging that a glut of investment fund managers are collecting fees that have plundered North Carolina’s state employee pension plan
Published: Tuesday, December 13th, 2016 @ 12:11 am
By: John Locke Foundation
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A recommendation that the state might impose ethics-related restrictions on secondary employment and corporate board memberships on the state treasurer - and possibly other Council of State officers - drew a mixed response from those officials
Published: Monday, October 10th, 2016 @ 1:50 pm
By: John Locke Foundation
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State Sen. Jerry Tillman, R-Randolph, said the Senate will push again in the next legislative session to pass a constitutional amendment lowering the cap on the personal income tax rate from 10 percent to 5.5 percent.
Published: Monday, September 5th, 2016 @ 6:06 pm
By: John Locke Foundation
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The Investment Advisory Committee that helps state Treasurer Janet Cowell develop the financial management strategy for state funds will meet this week to begin a process of developing ethics guidelines for its members that could include rules regarding insider trading and accepting gifts
Published: Sunday, July 31st, 2016 @ 12:18 am
By: John Locke Foundation
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If the General Assembly approves State Treasurer Janet Cowell's request for more flexibility in how it invests the state's pension plan, North Carolina's investment in real estate could be among the largest in the nation.
Published: Wednesday, May 18th, 2016 @ 10:58 pm
By: John Locke Foundation
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State Senate leader Phil Berger, R-Rockingham, said he is "alarmed" that the state Department of Public Instruction and State Board of Education agreed, possibly in violation of state open meetings laws and legislative requirements, to shift funds intended to help children learn to read into maintai
Published: Saturday, February 20th, 2016 @ 6:33 am
By: John Locke Foundation
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The ENC Tea Party announces their upcoming events for this year.
Published: Thursday, February 11th, 2016 @ 5:29 am
By: Diane Rufino
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While publicly lobbying for the $2 billion Connect NC bond referendum that will be on the March 15 ballot, Gov. Pat McCrory and members of his administration say the measure will be fiscally prudent, reducing state General Fund debt over the next five years.
Published: Wednesday, January 20th, 2016 @ 4:23 am
By: John Locke Foundation
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State Treasurer Janet Cowell's surprise announcement she wouldn't seek re-election left many wondering who should be the next "keeper of the public purse."
Published: Friday, October 23rd, 2015 @ 1:31 pm
By: Tom Campbell
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A proposed constitutional amendment Senate Republicans have titled the Taxpayer Protection Act tentatively squeaked through that chamber Tuesday, with a final vote expected on Wednesday.
Published: Monday, August 17th, 2015 @ 5:07 am
By: John Locke Foundation
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On one hand, it's a good time to borrow money. Interest rates are low, as are construction costs.
Published: Monday, July 13th, 2015 @ 5:07 am
By: John Locke Foundation
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Even though North Carolina ranks behind its four neighboring states in overall financial condition, the state’s fiscal health is mostly sound, said the author of a just-released national study.
Published: Friday, July 10th, 2015 @ 7:31 am
By: John Locke Foundation
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Dana Cope has stepped on some powerful toes during his tenure as head of the state employees union here in North Carolina. Most of them have been on the starboard side of the political spectrum.
Published: Thursday, February 12th, 2015 @ 3:49 am
By: Brant Clifton
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Pretty much as soon as the polls closed on Election Day 2014, the political prognosticators began laying bets on what will happen by Election Day 2016. At the national level, attention quickly focused on the seemingly endless parade of Republicans seeking to take on Hillary Clinton.
Published: Saturday, January 10th, 2015 @ 9:59 pm
By: John Locke Foundation
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No matter how good the crystal ball, it is impossible to predict what will happen in 2015. Perhaps it will be easier to identify the people likely to either make or respond to North Carolina news events.
Published: Sunday, January 4th, 2015 @ 12:50 pm
By: Tom Campbell
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A recent study by the investment firm Eaton Vance found North Carolina's creditworthiness fell from fourth place among the 50 states a year ago to 13th this year - but the change was related to new methods of weighting data rather than any drop in the state's ability to meet its debt obligations.
Published: Monday, December 22nd, 2014 @ 11:39 am
By: John Locke Foundation
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Fiscal conservatives tend to look askance at large issuances of public debt. In this sentiment, they are in good company. "I go on the principle that a public debt is a public curse," wrote James Madison, "and in a Republican Government a greater curse than any other." His mentor and friend...
Published: Friday, September 26th, 2014 @ 11:03 am
By: John Locke Foundation
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A recent study concluded that North Carolina's $87 billion state pension fund is the second-best performing plan in the nation, even though new government-mandated accounting methods show it might be underfunded by more than $15 billion instead of operating in the black, as official state figures...
Published: Tuesday, August 5th, 2014 @ 11:46 pm
By: John Locke Foundation
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State Treasurer Janet Cowell, alongside bill sponsors Reps. Stephen Ross and Jeff Collins, joined Governor Pat McCrory at the State Capitol this morning for the signing of House Bill 1195.
Published: Wednesday, July 30th, 2014 @ 7:31 pm
By: Christopher Maye
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According to the most recent report available, North Carolina's main pension fund for retired state employees is strapped with a $3.7 billion unfunded liability. This growing liability means taxpayers must pony up an increasing amount of funds to cover the costs of promised benefits to retirees...
Published: Wednesday, July 23rd, 2014 @ 6:31 pm
By: Civitas Insitute
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The State Employees Association of North Carolina could receive significant monetary awards if it prevailed in a whistleblower complaint against those investing the state pension fund's money.
Published: Sunday, June 15th, 2014 @ 3:28 am
By: John Locke Foundation
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An organization representing 55,000 state employees has asked the U.S. Securities and Exchange Commission to investigate "widespread potential violations of law" involving State Treasurer Janet Cowell's handling of investments from the $87 billion state retirement system.
Published: Wednesday, June 4th, 2014 @ 4:52 pm
By: John Locke Foundation
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An organization representing 55,000 state employees has asked the U.S. Securities and Exchange Commission to investigate "widespread potential violations of law" involving State Treasurer Janet Cowell's handling of investments from the $87 billion state retirement system.
Published: Thursday, May 29th, 2014 @ 9:16 am
By: John Locke Foundation
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Today, it was announced that North Carolina retained its "AAA" rating by all three agencies, the highest credit rating available to state governments.
Published: Wednesday, April 9th, 2014 @ 7:28 pm
By: Stan Deatherage
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The General Fund cost of operating the State Health Plan is expected to rise about $90 million from fiscal years 2013-14 to 2015-16, but that is a slower growth trend than in past years, and Obamacare will have little effect on it, officials say.
Published: Tuesday, October 29th, 2013 @ 11:19 pm
By: John Locke Foundation
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Contrary to recent media reports, North Carolina has taken out federal loans to operate its underfunded unemployment insurance system, and it is the state's obligation to see that $2.5 billion debt is repaid, said Dale Folwell, state assistant secretary of employment security.
Published: Wednesday, July 10th, 2013 @ 2:59 pm
By: John Locke Foundation
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A bill allowing the treasurer more leeway to invest the state pension plan in riskier portfolios is set tonight for its first Senate floor vote.
Published: Tuesday, May 7th, 2013 @ 12:56 am
By: John Locke Foundation
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Gamblers on a losing streak often resort to desperately making riskier bets to try to make up for their previous losses - a move that rarely pays off and which usually leaves them even poorer.
Published: Saturday, May 4th, 2013 @ 7:29 am
By: Civitas Insitute
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A deputy to state treasurer Janet Cowell is warning that efforts to take Charlotte Douglas International Airport away from the City of Charlotte and have it run by a new regional authority could have negative consequences on the state's borrowing power.
Published: Wednesday, March 27th, 2013 @ 6:26 pm
By: Brant Clifton
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Despite a ruling by the N.C. Court of Appeals saying the state has no interest in the property known as Hammocks Beach, lawyers working for Attorney General Roy Cooper are forcing John H. Hurst and his sister Harriet Hurst Turner to continue fighting for the 289-acre Onslow County waterfront...
Published: Monday, March 4th, 2013 @ 4:27 pm
By: John Locke Foundation
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