BLOG

BLOG

What will happen to construction costs in 2025?

What will happen to construction costs in 2025?

Going into a New Year, everyone has an interest rate prediction. We thought we’d look at expectations for construction costs instead. Aided by the 0.5% Federal Reserve cut in the Federal funds rate in November, the second such cut of the year, Q3 of 2024 saw the...

read more
Happy New Year!  A list of annual reminders

Happy New Year! A list of annual reminders

As we get to the start of 2025, we offer this list of items to keep in mind as you plan for new capital projects and manage your existing projects. Here are a few things to think about at least once a year: Do something with unused financing proceeds. Why pay...

read more
Our new State Treasurer

Our new State Treasurer

Learning about our new State Treasurer – Brad Briner won the election to succeed Dale Folwell, who did not seek re-election.  Briner was the Republican candidate, and he’ll take over in early January.  You can read more about Briner and some thoughts on issues facing...

read more
The LGC calendar for 2025

The LGC calendar for 2025

We now have a schedule for the  2025 meetings of the Local Government Commission. We thought a table might be handy. In addition to the meeting dates, this table shows the application due dates. We’ve also noted the dates 45 days prior to the meeting dates...

read more
Financial oversight by elected officials

Financial oversight by elected officials

Usually people run for county or municipal office because of their interest in government activities or programs – they want to advocate for schools, or parks, or affordable housing. Some have a general sense of wanting to give back or be involved in what’s going on...

read more
Borrowing in anticipation of FEMA reimbursement

Borrowing in anticipation of FEMA reimbursement

North Carolina local governments are all too familiar with FEMA’s role in reimbursing local government costs of natural disaster remediation. We know that FEMA is good for the reimbursement payments (so long as you follow their rules), but it can take years to receive...

read more
Thinking about the 59-month rule

Thinking about the 59-month rule

There’s a provision in the statutes that says many financing arrangements with a term of less than five years don’t need LGC approval. This provision has been in the law since well before installment financing under Section 160A-20 was approved by the State Supreme...

read more