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North Carolina's 2016-17 state budget responsibly limited the growth rate of state spending, wisely padded the state's Rainy Day Fund, cut taxes further and continued one of the most aggressive trends of teacher pay increases in the nation.
Published: Saturday, August 13th, 2016 @ 12:27 pm
By: Civitas Insitute
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Senate leaders on Tuesday began unveiling their $22.2 billion General Fund budget, including a nearly 20 percent pay boost for teachers over two years, a middle-class tax cut, and a tuition freeze for UNC system students
Published: Thursday, June 2nd, 2016 @ 3:45 pm
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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The Democratic candidates for state treasurer both say the management and return on investment of North Carolina's mammoth health and pension plans for public employees need improvement, but their priorities differ.
Published: Friday, March 11th, 2016 @ 3:17 am
By: John Locke Foundation
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Chief Justice of the U.S. John Roberts says the plaintiffs suing the state over its congressional maps must file a response by Tuesday explaining why the order demanding new maps should not be put on hold until after the March 15 primary
Published: Saturday, February 13th, 2016 @ 5:01 am
By: John Locke Foundation
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State employees would be given alternative investment options and greater control of their retirement plans under cost-saving pension reform strategies that are gaining support as the upcoming General Assembly session looms, key legislators say.
Published: Friday, January 9th, 2015 @ 12:34 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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North Carolina has been fortunate to have honest and trustworthy State Treasurers. Current Treasurer Janet Cowell is no exception.
Published: Wednesday, May 7th, 2014 @ 12:18 am
By: Tom Campbell
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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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Headlines across the nation have been sounding the alarm about state government pensions. Even very conservative estimates place the total amount of unfunded state pension liabilities to be approaching a trillion dollars nationally.
Published: Wednesday, August 29th, 2012 @ 4:20 am
By: Civitas Insitute
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If you're a North Carolina taxpayer, public school teacher, government employee, or anyone with a vested interest in the state's pension system, beware: State Treasurer Janet Cowell could be gambling with your money (and, potentially, your retirement) to satisfy a political agenda.
Published: Tuesday, July 31st, 2012 @ 8:09 am
By: John Locke Foundation
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Changes could be coming soon for voluntary supplemental retirement plans that are set up for teachers and employees of school boards across North Carolina.
Published: Wednesday, March 21st, 2012 @ 2:10 am
By: John Locke Foundation
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