North Carolina

The commission approved several issues for Charlotte.

The rating agency cited the city's sharply diminished liquidity and reserves.

Moody's Ratings cited a substantial fall in unrestricted liquidity for the two-notch downgrade. Moody's also placed the rating on review for another downgrade.

The city is in danger of defaulting on bonds in the next fiscal year, according to Local Government Commission officials who say they will intervene if needed.

Proceeds will help finance late stages of construction of city hall.

The state's Local Government Commission approved the borrowing Tuesday.

The Local Government Commission approved bonds for Raleigh, Duke University Health System and Deerfield Episcopal Retirement Community.

North Carolina's triple-A ratings were affirmed ahead of plans to sell up to $506 million in general obligation and limited obligation bonds.

The Fayetteville Public Works Commission bonds are to be priced competivitely Oct. 21.

The deal is expected to conclude in the summer of 2026, and at that time Elon University will operate Queens University of Charlotte.

The commission also approved an audit for the financially troubled Winston-Salem/Forsyth County School District.

The school had less than one time debt service coverage last fiscal year.

Ketner is Baird's second hire in the higher education and nonprofit sectors in the last 30 days.

Treasurer Brad Briner said the unused money was in state accounts for years.

The rating agency cited increases in enrollment and improved net tuition revenues.

Hastedt says the city plans two bond sales this fall.

The state will charge active employees higher salary-based health plan premiums to avoid a near-term $1.3 billion deficit.

The Local Government Commission approved issuance of notes that will be taken out gradually in the next few years.

Up to $505 million of bonds could be issued.

The state was one of three where one person was responsible for deciding how to invest pension money.