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One of the sticking points in the state budget negotiations is the $1.4 billion proposed in the Senate version for NCInnovation, a private, non-profit created by some NC business leaders in 2018, aimed at providing grants for applied research at select UNC-system universities.
Published: Friday, October 20th, 2023 @ 11:31 am
By: Carolina Journal
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“It could ultimately have an impact on not only its operating budgets from a year-to-year basis but also have an impact on our gigantic unfunded healthcare liability,” Folwell said.
Published: Thursday, October 5th, 2023 @ 8:26 am
By: Carolina Journal
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On Friday afternoon, Gov. Roy Cooper vetoed two bills including one that would prevent state pension money from being invested using environmental, social, and governance (ESG) criteria in state investment decisions.
Published: Wednesday, September 6th, 2023 @ 8:55 am
By: Carolina Journal
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Lawmakers vote to ban ESG investing in state pension plans, pushback on plans to tap Mandy Cohen for head of the federal Centers for Disease Control, and Fort Bragg gets a name change
Published: Sunday, August 13th, 2023 @ 9:46 am
By: Carolina Journal
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House Bill 750 Protects State Pension Plan, Retirees and Employees from 'Wacktivism'
Published: Friday, July 28th, 2023 @ 1:20 pm
By: Eastern NC NOW Staff
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Two distinct but almost textually identical bills banning ESG investment criteria have passed their respective legislative bodies, signaling the strong possibility that either bill becomes law.
Published: Tuesday, July 25th, 2023 @ 7:43 pm
By: Carolina Journal
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An Act to Address the Use of Environmental, Social, and Governance Criteria by State Agencies and State Pension Plan Fiduciaries
Published: Monday, July 17th, 2023 @ 1:21 pm
By: Eastern NC NOW Staff
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Rep. John R. Bradford III, R-Mecklenburg, made it official Thursday by announcing his run for the state treasurer’s office.
Published: Sunday, May 28th, 2023 @ 12:08 am
By: Carolina Journal
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(Raleigh, N.C.) – Unliver, PLC announced yesterday that the company had sold its Ben & Jerry’s ice cream business to the local licensee in Israel
Published: Sunday, July 3rd, 2022 @ 5:52 pm
By: Stan Deatherage
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Turmoil in Town of Spring Lake on Agenda for Monthly Teleconference with Reporters
Published: Saturday, April 2nd, 2022 @ 11:27 am
By: Stan Deatherage
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N.C. House, Senate Urge Congress to Change Law so State Pensions Can Recover Losses from Russia
Published: Friday, March 11th, 2022 @ 9:15 pm
By: Stan Deatherage
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In a move that will make government-employee pensions less risky for taxpayers, N.C. Treasurer Dale Folwell announced Tuesday, Feb. 2, that the assumed rate of return on the main state retirement plan will be lowered.
Published: Wednesday, February 3rd, 2021 @ 2:12 pm
By: Carolina Journal
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North Carolina received a “C” for poor fiscal management from the national nonprofit Truth in Accounting.
Published: Tuesday, September 29th, 2020 @ 12:54 am
By: Carolina Journal
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Each week, staff at Carolina Journal looks back at the week in N.C. politics and chooses several interesting, relevant stories you may have missed.
Published: Friday, September 4th, 2020 @ 3:24 pm
By: Carolina Journal
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The COVID-19 pandemic could still threaten the long-term stability of state employee pensions, even though the state pension plan has recovered from the stock market crash, the state treasurer says.
Published: Wednesday, August 5th, 2020 @ 12:58 pm
By: Carolina Journal
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Fears of a global economic slowdown, fueled in part by the coronavirus outbreak, took a $4.2 billion chunk out of North Carolina’s state pension plan.
Published: Friday, March 6th, 2020 @ 10:07 am
By: Carolina Journal
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Now that North Carolina knows how much it can borrow, politicians are arguing about how much the state should borrow.
Published: Sunday, February 9th, 2020 @ 3:03 pm
By: Carolina Journal
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North Carolina’s state pension plan is prepared to weather another recession, a Pew Charitable Trusts stress test says.
Published: Thursday, December 5th, 2019 @ 12:54 am
By: Carolina Journal
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The NC House: Hospitals are Too Important to Fail, but Taxpayers are Unimportant to Save Them Money
Published: Sunday, May 12th, 2019 @ 9:39 am
By: Diane Rufino
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Senate Republicans are again pushing State Treasurer Dale Folwell’s request to limit risk in the underfunded state pension plan by narrowing the number of retirement options.
Published: Saturday, May 4th, 2019 @ 1:01 pm
By: Carolina Journal
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State Treasurer Dale Folwell says the state pension plan hemorrhaged $4.1 billion in 2018
Published: Sunday, March 3rd, 2019 @ 3:38 am
By: John Locke Foundation
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The nonprofit and nonpartisan organization Truth in Accounting (TIA) recently released its “Financial State of the States” report. The report ranks states based on their ability or failure to meet outstanding financial obligations
Published: Thursday, October 4th, 2018 @ 10:41 am
By: Civitas Insitute
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The latest data shows that North Carolina’s unfunded state pension liability has grown to $7.9 billion. This figure is likely highly understated, however, given the overly optimistic discount rate being used to calculate the liability
Published: Thursday, August 2nd, 2018 @ 6:09 pm
By: Civitas Insitute
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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
Published: Wednesday, May 2nd, 2018 @ 7:33 pm
By: John Locke Foundation
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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
Published: Thursday, February 8th, 2018 @ 12:39 am
By: John Locke Foundation
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State Treasurer Dale Folwell wants to know if Wall Street investors charged the state fees on $9 billion of state pension plan money that never got invested
Published: Sunday, April 23rd, 2017 @ 9:32 pm
By: John Locke Foundation
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Gov. Roy Cooper has proposed borrowing $350.7 million for state government structures and buildings in the University of North Carolina system
Published: Wednesday, March 15th, 2017 @ 10:55 am
By: John Locke Foundation
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It's just a few weeks before election day. In addition to the president, U.S. Senate, and one of 13 congressional seats, there will be a lot on your ballot
Published: Tuesday, October 4th, 2016 @ 3:50 pm
By: John Locke Foundation
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Judging by what makes the front pages, the top of the newscasts, and the list of "what's trending" on social media, North Carolina politics consists of spirited debates about H.B. 2, spirited debates about voting laws, spirited debates about teacher pay
Published: Monday, October 3rd, 2016 @ 5:49 pm
By: John Locke Foundation
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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: Monday, October 3rd, 2016 @ 5:01 am
By: Civitas Insitute
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During a contentious debate Tuesday night, Republican state treasurer candidate Dale Folwell hammered repeatedly on the theme that the state health care plan is broke, the state pension plan is underperforming, and his Democratic opponent Dan Blue III attended fundraisers in New York City
Published: Friday, September 30th, 2016 @ 8:02 pm
By: John Locke Foundation
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North Carolina's public employees retirement system is underfunded, bled more than $2 billion in red ink in the most recent 12-month period reported, and is outperformed by most other states, data show.
Published: Friday, August 19th, 2016 @ 10:10 am
By: John Locke Foundation
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North Carolina's public employees retirement system is underfunded, bled more than $2 billion in red ink in the most recent 12-month period reported, and is outperformed by most other states, data show
Published: Thursday, August 18th, 2016 @ 4:04 am
By: John Locke Foundation
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