“Main Street, not Wall Street” cross-state motorcycle ride announced by Dale Folwell, CPA

For Immediate Release                                                                     Contact:  Frank Lester

November 1, 2016                                                                                              336-757-0510

“Main Street, not Wall Street” cross-state motorcycle ride announced by Dale Folwell, CPA

(Winston-Salem, NC) – The Folwell Committee today announced that Dale Folwell – candidate for North Carolina Treasurer – will leave on a cross-state motorcycle trip visiting as many counties in the state as possible prior to next week’s election. The motorcycle ride will bring the campaign’s message to the far corners of the state.

“I’m applying for the job of N.C. Treasurer for the people of Main Street, not Wall Street,” said Folwell. “The state’s treasurer should preserve and protect the state’s pension and healthcare plans for participants, and be the keeper of the public purse for the people – not Wall Street bankers and lawyers.”

Mr. Folwell’s opponent, Raleigh-lawyer Dan Blue, III, has come under recent criticism for holding fundraisers in New York, New Jersey and California. During the third quarter alone, Mr. Blue raised half of his campaign’s funds from out-of-state, much of it from financial services and legal interests in New York and California. 

In stark contrast to the Blue campaign, the Folwell Committee for N.C. Treasurer raised nearly 100 percent of its funding in-state from North Carolinians. The campaign held no fund raisers out of state.

Mr. Folwell is a well-known motorcycle enthusiast. He was a motorcycle mechanic prior to earning his Undergraduate and Master’s degrees in Accounting as well as becoming a Certified Public Accountant. In 2006, he set the record for the most number of miles ridden on a motorcycle in one month – almost 33,000 miles. He did this to raise awareness and raise money for organ and blood donations.

Folwell believes that this ride is important and critical as well. Many in North Carolina do not know the importance of the N.C. Treasurer to the economic well-being of the state. The N.C. Treasurer manages the state’s $100 billion pension and healthcare plans for state employees and retirees including teachers, law enforcement and fire fighters. The pension plan is underfunded, in part, because it has not earned, on average, its projected 7.25 percent rate-of-return rate in 15 years. Just last year it earned less than one percent while paying almost $600 million in fees to Wall Street bankers and lawyers.

“The issues facing the treasurer’s office are not east or west, Republican or Democrat, but mathematics,” said Folwell. “The state pension and health plan should be run for the benefit of North Carolinians – not Wall Street Bankers. I intend to bring that message to citizens across the state.”

Mr. Folwell will visit the county seat, meet with local sheriffs and others then proceed to the next county. Media advisories will be released to let local media know where he will be and when.

“With all that is going on at the national level, I think this is a good way for me to cut through the noise and bring my message directly to the people of North Carolina,” said Folwell. “They need to know that I will be the treasurer for Main Street, not Wall Street.”

Mr. Folwell has pledged to cut Wall Street fees by $100 million as well as freeze family healthcare premiums for state employees. In addition, he said he would never accept outside paid compensation as the next N.C. Treasurer.

Fowell will begin the ride today in Greensboro and finish Monday, November 7 in Winston-Salem.

About Dale Folwell

Dale Folwell was a four-term member of the N.C. House of Representatives, including two years as Speaker Pro Tempore. During that time, he sponsored 29 major pieces of legislation enacted with bi-partisan support. More recently, he was assistant secretary of commerce with the Employment Security Commission, where he took the most “broke and broken” unemployment system in the United States and turned it into national leader in debt-repayment, quality and customer service. He is a Certified Public Accountant (CPA) with a Masters in Accounting. Married for 28 years with three children, he lives in Winston-Salem.   

 

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North Carolinians should chose the next treasurer, not Wall Street

For Immediate Release                                                                     Contact:  Frank Lester

October 27, 2016                                                                                                336-757-0510

North Carolinians should chose the next treasurer, not Wall Street

 (Winston-Salem, NC) -  In filings this week, The Committee to Elect Dan Blue, III revealed that, in its bid to elect Mr. Blue N.C. Treasurer, it has raised hundreds of thousands of dollars from out-of-state interests including Wall Street bankers and lawyers. The report is required by law and is meant to provide transparency to campaign financing so that citizens can easily identify potential conflicts of interest.

“It is stunning to see how much money Mr. Blue is taking from Wall Street and other out-of-state interests,” said Dale R. Folwell, CPA candidate for N.C. Treasurer. “It is obvious that the Blue Campaign is selling the office to the highest bidder.”

While some donations from out-of-state sources are normal, the scope of the Blue Campaign’s effort is unprecedented. During the third quarter alone, half of the money raised by the Blue Campaign came from out-of-state – much of it from financial services and legal interests in New York and California.

Blue’s aggressive courting of those with a direct financial interest in the state’s $90 billion pension plan, comes as many have begun questioning the $600 million in fees paid to Wall Street and other financial interests by the current Treasurer, Janet Cowell. These fees were paid despite the pension fund’s poor performance earning less than 1 percent last year. Ms. Cowell is not seeking re-election but has endorsed Mr. Blue in his bid to succeed her.

“The only reason I’d go to Wall Street is to cut their fees and bring that money back to the people of North Carolina,” said Folwell. “It’s the people’s money. Not Mr. Blue’s or his friends in New York and California.” Mr. Folwell announced earlier in his campaign that when elected N.C. Treasurer, he will cut $100 million in fees to Wall Street bankers and lawyers.

In stark contrast to the Blue campaign, The Folwell Committee for NC Treasurer raised 98 percent of its funding in-state from North Carolinians. The campaign held no fund raisers out of state and did not accept money from Wall Street interests. Comparatively, according to Mr. Blue’s filings, he has actually travelled to New York City and California and solicited money from the very people who will make millions off of state employees, teachers, retirees and law enforcement officers.

“My singular focus as the next N.C. Treasurer will be to preserve the state’s pension and healthcare plans for state employees and retirees and to maintain the state’s AAA bond rating,” said Folwell. “My devotion is to the people of North Carolina not to New York bankers and lawyers.”

About Dale Folwell

Dale Folwell was a four-term member of the N.C. House of Representatives, including two years as Speaker Pro Tempore. During that time, he sponsored 29 major pieces of legislation enacted with bi-partisan support. More recently, he was assistant secretary of commerce with the Employment Security Commission, where he took the most “broke and broken” unemployment system in the United States and turned it into national leader in debt-repayment, quality and customer service. He is a Certified Public Accountant (CPA) with a Masters in Accounting. Married for 28 years with three children, he lives in Winston-Salem.   

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Dale Folwell, CPA, Receives Two More Endorsements in Race for N.C. Treasurer

Contact:  Frank Lester
Phone: 336-757-0510

 

Winston-Salem, N.C. The Folwell Committee for N.C. Treasurer announced today that Dale R. Folwell, CPA, has received additional endorsements in his candidacy for North Carolina Treasurer from two more key organizations in the state: The North Carolina Fraternal Order of Police (NCFOP) and the Professional Firefighters and Paramedics of North Carolina (PFFPNC).

Folwell’s latest endorsements give him the support of every major law enforcement, firefighter and first responder-group in the state. Earlier, he received the endorsement of the State Employees Association of North Carolina (SEANC).

“I’m honored to be trusted to be the next NC Treasurer, by those very people we trust the most – law enforcement, firefighters and first responders,” said Folwell. “These are the people on the frontlines every day protecting us. I’m going to protect and preserve their pension and healthcare plans.”

The North Carolina Treasurer manages the state’s $90 billion pension plan and state employees’ health care plan. Prior to these latest endorsements, Folwell has also been endorsed by the North Carolina Police Benevolent Association and the State Employees Association of North Carolina.

Together, the four organizations endorsing Folwell represent more than 115,000 North Carolinians whose retirement and health care programs are managed by the N.C. Treasurer.

The next N.C. Treasurer will be faced with a number of financial threats to these two programs that North Carolina has never experienced. The state’s $90 billion pension plan is underfunded, having not earned its assumed rate of return of 7.25 percent in the last 15 years – in the last fiscal year, it earned just 1 percent. Additionally, the state’s health plan for teachers and other state employees is $28 billion in debt because money was never set aside to pay for the promises that were made. These liabilities together could take over $4 billion a year out of the state budget for decades impacting jobs, education and infrastructure funding if not addressed by the next Treasurer.

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North Carolina Troopers Association Endorse Dale Folwell, CPA, for N.C. Treasurer

Contact:  Frank Lester
Phone: 336-757-0510

Winston-Salem, N.C. - The Folwell Committee for N.C. Treasurer announced today that Dale R. Folwell, CPA, has been endorsed in his candidacy for North Carolina Treasurer by the North Carolina Troopers Association.

The North Carolina Treasurer manages the state’s $90 billion pension plan and state employees’ health care plan. Prior to this latest endorsement, Folwell has also been endorsed by numerous other statewide employee and law enforcement organizations as the “Keeper of the Public Purse.”

The North Carolina Troopers Association is made up of more than two thousand active and retired Highway Patrol employees. It was formed in 1977 to advance the principles of proper law enforcement and support the betterment of our criminal justice system.

“The North Carolina Troopers Association is proud to announce our official endorsement of Dale Folwell for North Carolina State Treasurer, said Danny Jenkins, president of the North Carolina Troopers Association.  “Our Association strongly feels that Dale is the most qualified candidate for many reasons. During his career Dale has served in the State House for four terms and was instrumental in passing legislation that supports law enforcement. Dale is also a Certified Public Accountant.

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State Financial Officers Foundation

SFOF Contact: Derek Kreifels
Phone: (866) 816-0873
Email: press@statefinancialofficers.org
www.statefinancialofficers.org

Often times in presidential election years down ballot races get overlooked. But in the age of state budget shortfalls, underfunded pension liabilities, and other financial issues the election of a State Treasurer is one of the most important races to follow.

The State Financial Officers Foundation (SFOF) recently commissioned a national Google Consumer Survey asking Americans, “Who do you believe is the most trustworthy source of information about state financial matters and public funds?”

The results showed an overwhelming majority trusting State Treasurers over Governors and legislators when it comes to financial matters with their respective states. 66.9 percent of those surveyed said they trust the State Treasurer when it comes to state financial matters while only 18.2 percent said they trusted their Governor. Only 14.9 percent of those surveyed said they trusted their legislator regarding state financial matters. The online survey taken between May 17 and May 19, 2016 had 761 responses from a national adult internet population. 

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Fraternal Order of Police Announces Endorsements for November 2016 Elections

Contact: North Carolina Fraternal Order of Police

Randy Hagler, President of the North Carolina Fraternal Order of Police, announced the organization's endorsements in statewide political races at the conclusion of the organizations 2016 Biennial Conference held in Asheville, NC.

For a candidate to receive the endorsement of the North Carolina Fraternal Order of Police, he or she must receive a majority vote of the delegates attending the State Conference. Unlike many law enforcement organizations in this state, the North Carolina Fraternal Order of Police’s endorsements are the decisions of its membership and not just a small handful of members.

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Folwell campaign for NC Treasurer discloses funds early

(Winston-Salem, NC) -  The Folwell Committee for NC Treasurer announced today that the campaign has more than $418,000 on hand in its bid to elect Dale R. Folwell, CPA, as the next NC Treasurer. Mr. Folwell is running for the office currently held by Janet Cowell, who announced last year that she would not seek re-election.

“We are grateful for the citizens of North Carolina who, from all corners of the state, have joined our campaign,” said Folwell. “With such a crowded election-field, we are very pleased with the generosity of our supporters.”

The campaign added that of the 427 individual donors, more than 98% are from North Carolina. “This campaign is being supported by citizens in North Carolina who have responded to my pledge to attack problems not people,” said Folwell. “The issues that face the Treasurer’s office are not partisan – they are mathematics.” 

 

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