Lots of money at stake in N.C. treasurer’s race

It won’t get any publicity given the Trump vs. Clinton and McCrory vs. Cooper matchups, but one of the more important elections in North Carolina is the contest to replace Janet Cowell as state treasurer.

The winner will become manager of the state’s $90 billion pension plan and a state health plan that spends $3 billion annually on more than 700,000 teachers, state employees and retirees and their dependents. “The responsibilities of the state treasurer are about five times greater than the annual state budget,” says Dale Folwell, a former state representative who is the Republican nominee in the November race.