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NC can borrow money for capital improvements

Gov. Pat McCrory, who has complained about the condition of state buildings, got some good news from Janet Cowell on Friday.

The State Treasurer released the debt affordability study which said the state can afford to borrow money for capital projects again.

The annual report on how much the state can afford to borrow showed that the state can borrow up to $470.8 million this year. But Cowell isn't pushing for a shopping spree.

“This is a good indicator of continued economic recovery,” Cowell said in a statement. “While this is a positive development for the State’s finances, we need to continue to apply conservative debt management practices in order to protect the State’s ‘AAA’ bond rating.”

The study recommended continuing the state’s conservative debt management practices.

SEANC steaming over new State Health Plan proposal

The State Employees Association of North Carolina is accusing state Treasurer Janet Cowell of rushing through a State Health Plan that would more than triple premiums.

The proposal, which will be voted on by a health plan board of trustees in the Treasurer’s Office on Monday, was presented to House and Senate leaders and SEANC on Thursday.

According to SEANC legislative affairs director Ardis Watkins, the board originally called for a meeting on Super Bowl Sunday, before rescheduling.


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