Excerpt By: ABC. Written By: Jon Camp.
One of the biggest and most under-reported problems in the state right now is happening at the state treasury department.
As far as pots of money go, the North Carolina Treasury is the big dog in the state by a distance. By one recent ranking, it’s the 26th largest pool of public money in the world.
And right now, that $110 billion fund is in big trouble.
“The 28th Treasurer of North Carolina is going to face financial challenges with the pension and the health care plan that the state has never seen before,” said Dale Folwell, CPA — North Carolina’s 28th State Treasurer. “It just has to do with the math.”