A Charlotte-based lawyer hired by State Treasurer Janet Cowell's office concluded that the state Department of Transportation does not have authority to go into debt under its plan to complete I-485 around Charlotte.
Cowell's office released the opinion (see link below) Thursday as part of a public records request [...]
HOLD THAT PLAN: Documents released by State Treasurer Janet Cowell's office Monday afternoon show her staff raised concerns nearly two weeks before the state announced a plan to borrow tens of millions of dollars from a private contractor to finish Interstate 485 in Charlotte. (N&O)
BRIDGE DEATHS STUDY: [...]
State Treasurer Janet Cowell was in the loop on a controversial financing plan to finish building Charlotte’s Interstate 485 — but she did not object until a few hours after it was announced by Gov. Bev Perdue, state transportation officials said today.
Perdue told Charlotte leaders on Nov. [...]
LOOP TROUBLE: Gov. Bev Perdue appears committed to moving forward with a special financing plan for finishing Charlotte's Interstate 485 despite questions raised by Treasurer Janet Cowell about the proposed funding mechanism. Backing away from the interstate now could be a minor disaster for Perdue, who [...]
State Treasurer Janet Cowell is not yet signing off on a complicated funding mechanism for finishing the I-485 loop around Charlotte, a step that Gov. Bev Perdue announced with considerable trumpeting earlier this month.
Cowell's spokeswoman, Melissa Waller issued a statement this afternoon saying:
In the absence of contracts specifying [...]
State Treasurer Janet Cowell has issued two new ethics rules for her office, the latest in her efforts at reform.
Employees are banned from accepting any gifts from companies that do business with the department, and staffers covered by the state ethics law are prohibited from soliciting [...]
North Carolina's state pension fund was buoyed in the third quarter by the stock market's slight rebound, State Treasurer Janet Cowell announced Monday.
Third quarter returns were 10.44 percent, and the fund's returns for the year are 12.26 percent.
The fund's value rose from $60.2 billion at the [...]
