Treasurer Folwell Submits Framework for Draft Legislation to Enact NC 401(k) Employer Match for All State Employees

State Treasurer Dale R. Folwell, CPA, has submitted a framework for draft legislation that introduces a monthly $25 employer match for nearly 350,000 active members in the Teachers’ and State Employees’ Retirement System (TSERS), Consolidated Judicial Retirement System (CJRS), Legislative Retirement System (LRS) and the Optional Retirement Program (ORP).

John Hood: Universities Should Cultivate Civic Leaders

Most students and their families invest time, effort, and resources into higher education for vocational reasons. They expect the knowledge, skills, and relationships acquired at a college or university will lead to good jobs — which will, in turn, generate income for graduates to support themselves and their families as well as the satisfaction and fulfillment that comes from productive employment or entrepreneurship.

Attorney General Josh Stein Reaches $10.25 Million Settlement Over Deceptive Advertising

Attorney General Josh Stein today reached a $10.25 million multistate settlement with wireless carriers AT&T Mobility LLC, Cricket Wireless LLC, T-Mobile USA Inc., Cellco Partnership, d/b/a Verizon Wireless, and TracFone Wireless Inc., to resolve his investigation into the carriers’ deceptive and misleading advertising practices. North Carolina will receive $220,313.32 from the settlement. 

Court Rejects Avid Telecom’s Attempts to Dismiss Attorney General Stein’s Illegal Robocalls Case

Attorney General Josh Stein today announced that the United States District Court in Arizona denied Avid Telecom’s multiple attempts to dismiss and delay a bipartisan, 49-state lawsuit against the company Michael D. Lansky, L.L.C., which does business as Avid Telecom, as well as its owner Michael D. Lansky and its vice president Stacey S. Reeves.

John Hood: Fiction can be a teaching tool

That’s what a recent reviewer said about my novel Mountain Folk, which she called an “entertaining and instructive” blend of American history, folklore, and fantasy. “As a long-time teacher of middle school and high school students,” she wrote, “I think Mountain Folk would be a great addition to school reading lists.”

State Treasurer Exposes Hospitals' Overcharges in Cancer Drug Pricing

North Carolina State Treasurer Dale R. Folwell, CPA, released a report today finding that 340B hospitals billed state employees an average price markup of 5.4 times their discounted acquisition costs for oncology drugs. Hospitals generated average spread profits as high as $13,617 per claim on cancer drugs paid for by the North Carolina State Health Plan for Teachers and State Employees.

Senate Passes ICE Bill, Gives New Enforcement Authority to Attorney General

House Bill 10 requires North Carolina sheriffs to cooperate with federal immigration authorities when a suspected illegal immigrant is in custody for committing a violent crime. A new provision of the bill allows any person, including a federal agency, to file a complaint with the North Carolina Attorney General alleging a sheriff failed to comply with the provisions of this bill.

John Hood: Cut state tax on capital gains

RALEIGH — Over the past decade, the General Assembly has pursued a tax-reform strategy designed to foster growth and expand freedom in the Tar Heel State. North Carolina now has a flat-rate income tax. State taxes on both personal income and retail sales apply lower rates to broader bases. And lawmakers are in the process of phasing out state taxes on corporate income.