Joint Statement from State Treasurer Dale R. Folwell, CPA, and State Auditor Beth A. Wood, CPA, on Gov. Roy Cooper's Veto of S299

We are disappointed in Gov. Cooper’s veto of S299. The bill passed with overwhelming bipartisan support – 43-0 in the Senate and 84-30 in the House. As members of the Local Government Commission (LGC) we see the leadership of many counties and municipalities perennially failing to submit audits on time to the LGC. When the leadership of governmental units fail to submit timely audits, the state has no insight as to whether they are in financial difficulty. The taxpayers hurt by this lack of transparency are often those on lower and fixed incomes. We encourage the General Assembly to quickly override the Governor’s veto in order to protect those that are most vulnerable.