Under the Dome

Republican Dale Folwell to run for state treasurer

Dale Folwell
Dale Folwell AP

Dale Folwell, a former legislator who leads the state Division of Employment Security, filed Tuesday to run for state treasurer.

Folwell, a Republican, is seeking the post currently held by Democrat Janet Cowell, who surprised many when she announced recently that she won’t seek another term.

Folwell has resigned his current post in Gov. Pat McCrory’s administration effective Tuesday.

“I spent my entire personal and professional life looking for the next right thing to do,” Folwell said in a news release. “Applying to be the next state treasurer for North Carolina is it.”

Earlier this month, McCrory announced that the state has restored its unemployment insurance reserve to more than $1 billion, accomplished by curtailing benefits for the jobless and imposing a surcharge on employers in order to repay the debt. The governor credited Folwell’s leadership.

As he filed paperwork at the State Board of Elections, Folwell told The News & Observer that he wants to tackle debts in the state health and retirement system, and he said his experience with unemployment insurance will help. He described the challenge as a “$30 billion unfunded healthcare debt crisis.”

“The voters need someone they can trust to conserve,” he said.

Ron Elmer, a Democrat from Cary, has also announced plans to run for treasurer.