North State Journal — Vol. 2., Issue 19

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VOLUME 2 ISSUE 19

www.NSJONLINE.com |

Wednesday, May 10, 2017

Inside Wood Ducks spark Kinston baseball revival Sports

CHRISTINE T. NGUYEN | NORTH STATE JOURNAL

Grace Perry dances with fellow graduates before the College of Education graduate recognition ceremony at East Carolina University in Greenville.

the weekend

News BRIEFing N.C.’s two biggest cities to gain hundreds of new jobs

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Charlotte and Raleigh Two big job announcements came this week for N.C.’s biggest cities. Credit Suisse announced Tuesday it will add 1,200 new jobs in N.C. mostly by moving positions from its New York offices to its corporate center in Raleigh over the next few years. The move is an effort to cut their overhead costs and nearly doubles the Swiss bank’s presence in Wake County. Gov. Roy Cooper’s office said Credit Suisse plan to invest $70.5 million into the Raleigh facility and will qualify for $40.2 million in an economic development grant from the N.C. Department of Commerce. In Charlotte, AXA announced a 550-job expansion Tuesday. One of the largest U.S. financial protection companies, AXA plans to spend $18 million to expand its University City’s Innovation Park location.

ELEVATE THE CONVERSATION

NC treasurer advances on campaign promises Dale Folwell says he has cut management fees by millions, but a tricky fixed income environment and great expectations makes for tough choices By Jeff Moore North State Journal RALEIGH — Upon his election to state treasurer of North Carolina, Dale Folwell pledged to get to work immediately looking for ways to save the state money and apply his realist attitude to the management of the N.C.’s investment funds. The former motorcycle mechanic and accountant had spearheaded a similar challenge as secretary of the N.C. Depart-

Trump fires Comey from FBI post Washington, D.C. President Donald Trump fired James Comey as director of the Federal Bureau of Investigation on Tuesday. In a statement the White House said Comey was relieved of his duties on the recommendation of U.S. Attorney General Jeff Sessions. Sen. Lindsey Graham (R-S.C.) said he believes replacing Comey will provide a “fresh start” for the FBI. Comey was appointed by former President Barack Obama in 2013.

ment of Employment Security in the administration of Gov. Pat McCrory, steering implementation of unemployment insurance reforms that enabled the elimination of billions in debt to the federal government ahead of schedule. Through the first five months of his term, Folwell is bringing a similar level of determination to the Office of State Treasurer. Since entering office in January, Folwell said he has contacted more than 150 money managers representing 99 percent of the state’s pension plans assets and asked them “who they are, how much money they manage, how well they perform, and how much they charge in fees.” So far, he has been able to cut See TreasurER, page A8

Senate rolls out budget proposal By Mollie Young North State Journal RALEIGH — The N.C. Senate released its $22.9 billion state budget Tuesday, focusing spending efforts on raises for state employees, including teachers and principals, community health centers, and tax cuts. The full text of the proposed budget was not released until after press time, but Senate leaders outlined its key spending priorities and pointed to past success building the state’s Rainy Day fund and cutting personal and corporate income taxes. “Anyone who has seen our Senate budgets over the past six years will not be surprised that this budget continues our philosophy of improving outcomes in public education, providing generous tax cuts for the middle class and job creators, controlling spending

MADELINE GRAY | NORTH STATE JOURNAL

Moms in office: the challenges of leading a family and a government A Mother’s Day roundtable at The Flour Box By Mollie Young North State Journal

Another veto from the governor’s office Jones & Blount

EAMON QUEENEY | North State Journal

20177 52016 $2.00

See Budget, page A2

Sen. Harry Brown discusses the Senate’s budget proposal during a press conference at the General Assembly.

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growth, and saving for the future,” said Senate Leader Phil Berger (R-Rockingham) at a press conference Tuesday afternoon. The plan boosts spending by 3.5 percent over the actual amount the government spent last year, and according to Berger it will include “across-the-board” teacher raises. “It is consistent with what we’ve done thus far in trying to get to the point where a teacher gets to the top of the [pay] scale in 15 years,” said Berger. “We don’t quite get there in this [budget], but we are moving in that direction.” Senate leaders are providing about $600 million more for public education, and would like to award teachers an average 3.7 percent raise this year and 9.5 percent raise over two years.

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From left: Stokes County Education Board Member Cheryl Knight, Alamance County Commissioner Amy Galey, North Carolina State Speaker Pro Tem Sarah Stevens, Congresswoman Virginia Foxx and Huntersville Town Commissioner Melinda Bales all gather for tea and finger foods at the Flour Box Tea Room in Winston-Salem’s historic Old Salem district. The women came together to talk about the unique blessings and difficulties that come to women and mothers in elected office.

WINSTON-SALEM — In the quaint Flour Box Tea Room in historic Old Salem, five women gathered to exchange stories of motherhood: the joys, the challenges, the early morning routines — simple things all mothers can relate to. But these women also have a very unique experience in common: they are all elected officials. According to a 2015 report from Meredith College, women still make up less than 25 percent of all appointed and elected offices in North Carolina. Congresswoman Virginia Foxx, state Speaker Pro Tem Sarah Stevens, Alamance County Commissioner Amy Galey, Stokes County Education Board Member Cheryl Knight, and Huntersville Town Commissioner Melinda Bales are among that minority. The primary reason there are so few women in office today is not due to overt discrimination or structural deficiencies; says the Meredith report, but the fact that women seldom seek office on their own. Foxx, who represents North Carolina’s 5th Congressional District and has two grandchildren, told the group over tea and lemonade that she doubted herself when she first contemplated running for ofSee MOTHER’S DAY, page A2


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