Statement from State Treasurer Dale R. Folwell, CPA on Senate Bill 105 – the 2021 Appropriations Act “Like Olympic gymnast Simone Biles, they not only showed courage in attacking these long-term needs, but really 'stuck the landing' with this budget.”

EMBARGOED UNTIL BUDGET RELEASE

I would like to thank the members of the North Carolina Senate for advancing such a fiscally responsible budget. The current proposal fully funds the State Health Plan, the state retirement systems and the state’s debt service as well as setting aside, for the first time ever, money for the Pension Solvency Reserve. Additionally, it provides unparalleled resources for water and sewer infrastructure needs at a time when communities are struggling to maintain fiscal stability while meeting public health and environmental responsibilities. It also fully reimburses the State Health Plan for COVID-19 expenditures related to the testing, treatment and vaccination of plan members and their dependents.