(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.”
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. The state’s health plan 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.
“We cannot continue to ‘kick the can down the road,’” added Folwell. “We need someone with the integrity, ability and passion to attack these issues not only for state employees and retirees, but all North Carolinians.”
The campaign filed its report five days prior to the required disclosure-date of July 12th. “We’re running this campaign like I’m going to run the Treasurer’s office – with transparency and integrity,” said Folwell.
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 bipartisan 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.