{"id":967,"date":"2025-04-17T20:39:43","date_gmt":"2025-04-17T20:39:43","guid":{"rendered":"https:\/\/sites.ncleg.gov\/houseoversight\/?p=967"},"modified":"2025-04-17T20:43:26","modified_gmt":"2025-04-17T20:43:26","slug":"briner-marshall-testify-before-house-oversight","status":"publish","type":"post","link":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/","title":{"rendered":"Briner, Marshall Testify Before House Oversight"},"content":{"rendered":"<figure class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"4032\" height=\"3024\" src=\"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" style=\"object-fit:cover;\" \/><\/figure>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2025-04-17T20:39:43+00:00\">April 17, 2025<\/time><\/div>\n\n\n<p>The House Oversight Committee held its third hearing to reset expectations of state agencies on April 3 with Treasurer Brad Briner and Secretary of State Elaine Marshall.<\/p>\n\n\n\n<p><strong>Treasurer: Briner seeks better investment returns and lower health care costs<\/strong><\/p>\n\n\n\n<p>Briner told members of the committee that the Department of the State Treasurer\u2019s primary responsibility is to \u201cmanage the balance sheet of the state,\u201d managing \u201cthe state\u2019s assets and liabilities.\u201d He cited the state\u2019s AAA bond rating as a sign of success, just as the budget director and the controller did in their earlier appearances before the committee.<\/p>\n\n\n\n<p>Pension investment management and the State Health Plan stood out as two areas where the Treasurer has been falling short. Briner said he aims to hit the target 6.5% annual return for pension investments. If the fund had managed that in recent years, he said, it would have eliminated the pension system\u2019s $16 billion unfunded liability. &nbsp;He added that the state should be at least average among state pension plans.<\/p>\n\n\n\n<p>The State Health Plan should deliver health care outcomes that are valued that the state can afford. \u201cWe\u2019re not doing that right now.\u201d As a result, State Health Plan could have $507 million deficit in 2026.<\/p>\n\n\n\n<p>He reported that the unclaimed property division exceeded its goal of sending out more than $100 million a year and hopes a 12-week partnership with OpenAI will help find the rightful owners of more unclaimed funds.<\/p>\n\n\n\n<p>Members had questions for Briner on his modernization proposal including the plan to move from sole fiduciary to an investment committee with appointments from the governor and legislative leaders along with the Treasurer himself. The modernization plan would also allow investments in cryptocurrencies and more flexibility across asset classes.<\/p>\n\n\n\n<p>Briner pushed back on a suggestion that the state has room to borrow more noting the unfunded liabilities for the retiree health benefits and pensions bring the total obligation of the state to $52 billion.<\/p>\n\n\n\n<p>On a more positive note, Rep. Dean Arp (R-Union) and Briner highlighted the state\u2019s reduction in bonded debt over the past 13 years from $6 billion to $2 billion. Rep. Tim Reeder (R-Pitt) asked Briner for details on pilot programs to encourage state employees on the State Health Plan to seek low-cost care.<\/p>\n\n\n\n<p><strong>Secretary of State: Responsible for records<\/strong><\/p>\n\n\n\n<p>The Secretary of State\u2019s office is where businesses and charities go to register, renew, and file annual reports. It\u2019s where lobbyists and notaries do the same. The office also registers securities, land records, and advance health care directives. Marshall said the General Assembly has entrusted her office with such a wide variety because \u201cwe\u2019re pretty good database managers.\u201d<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1404\" height=\"913\" src=\"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/State-hearing-2.jpg\" alt=\"\" class=\"wp-image-969\" style=\"width:301px;height:auto\" \/><figcaption class=\"wp-element-caption\">Secretary of State Elaine Marshall testifies Thursday, April 3, 2025.<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Members asked Marshall about areas that fall under the Secretary of State that are obsolete and could be statutorily removed, including the membership campgrounds, phone sales registration and bonding, cable television, franchises. While not weighing in on the value of legislation, Marshall noted that there are only a handful invention developers registered in the state.<\/p>\n\n\n\n<p>In an otherwise cordial session, Marshall\u2019s statement that a lack of space led to staff working in remote or hybrid roles drew a skeptical response. She also indicated that working remotely is a quiet way to provide people by allowing them to cut commuting cost. Marshall\u2019s comment about productivity of remote workers suggested that some of them are in the agency\u2019s call center. Members are seeking more details. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The House Oversight Committee held its third hearing to reset expectations of state agencies on April 3 with Treasurer Brad Briner and Secretary of State Elaine Marshall. Treasurer: Briner seeks better investment returns and lower health care costs Briner told members of the committee that the Department of the State Treasurer\u2019s primary responsibility is to [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1],"tags":[59,22,20,21,32],"class_list":["post-967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-agencies","tag-general-assembly","tag-house","tag-legislature","tag-warren"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Briner, Marshall Testify Before House Oversight - House Oversight and Reform Committee<\/title>\r\n<meta name=\"description\" content=\"The House Oversight Committee held its third hearing with state agencies on April 3 with Treasurer Brad Briner and Secretary of State Elaine Marshall.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Briner, Marshall Testify Before House Oversight - House Oversight and Reform Committee\" \/>\r\n<meta property=\"og:description\" content=\"The House Oversight Committee held its third hearing with state agencies on April 3 with Treasurer Brad Briner and Secretary of State Elaine Marshall.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/\" \/>\r\n<meta property=\"og:site_name\" content=\"House Oversight and Reform Committee\" \/>\r\n<meta property=\"article:published_time\" content=\"2025-04-17T20:39:43+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2025-04-17T20:43:26+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"4032\" \/>\r\n\t<meta property=\"og:image:height\" content=\"3024\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"marymoorefield\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"marymoorefield\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/\"},\"author\":{\"name\":\"marymoorefield\",\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/#\/schema\/person\/a8b3abc4ef4f8bd5a4004670dc83797c\"},\"headline\":\"Briner, Marshall Testify Before House Oversight\",\"datePublished\":\"2025-04-17T20:39:43+00:00\",\"dateModified\":\"2025-04-17T20:43:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/\"},\"wordCount\":580,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg\",\"keywords\":[\"Agencies\",\"General Assembly\",\"House\",\"Legislature\",\"Warren\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/\",\"url\":\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/\",\"name\":\"Briner, Marshall Testify Before House Oversight - House Oversight and Reform Committee\",\"isPartOf\":{\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg\",\"datePublished\":\"2025-04-17T20:39:43+00:00\",\"dateModified\":\"2025-04-17T20:43:26+00:00\",\"author\":{\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/#\/schema\/person\/a8b3abc4ef4f8bd5a4004670dc83797c\"},\"description\":\"The House Oversight Committee held its third hearing with state agencies on April 3 with Treasurer Brad Briner and Secretary of State Elaine Marshall.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#primaryimage\",\"url\":\"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg\",\"contentUrl\":\"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg\",\"width\":4032,\"height\":3024,\"caption\":\"Treasurer Brad Briner testifies before the House Oversight Committee Thursday, April 3, 2025.\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/#website\",\"url\":\"https:\/\/sites.ncleg.gov\/houseoversight\/\",\"name\":\"House Oversight and Reform Committee\",\"description\":\"Just another NCGA Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sites.ncleg.gov\/houseoversight\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sites.ncleg.gov\/houseoversight\/#\/schema\/person\/a8b3abc4ef4f8bd5a4004670dc83797c\",\"name\":\"marymoorefield\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/88c1a42f25383fc86d25d48258c61258677e0fa78f183c3167eb3c9a15eea4c4?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/88c1a42f25383fc86d25d48258c61258677e0fa78f183c3167eb3c9a15eea4c4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/88c1a42f25383fc86d25d48258c61258677e0fa78f183c3167eb3c9a15eea4c4?s=96&d=mm&r=g\",\"caption\":\"marymoorefield\"},\"url\":\"https:\/\/sites.ncleg.gov\/houseoversight\/author\/marymoorefield\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Briner, Marshall Testify Before House Oversight - House Oversight and Reform Committee","description":"The House Oversight Committee held its third hearing with state agencies on April 3 with Treasurer Brad Briner and Secretary of State Elaine Marshall.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/","og_locale":"en_US","og_type":"article","og_title":"Briner, Marshall Testify Before House Oversight - House Oversight and Reform Committee","og_description":"The House Oversight Committee held its third hearing with state agencies on April 3 with Treasurer Brad Briner and Secretary of State Elaine Marshall.","og_url":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/","og_site_name":"House Oversight and Reform Committee","article_published_time":"2025-04-17T20:39:43+00:00","article_modified_time":"2025-04-17T20:43:26+00:00","og_image":[{"width":4032,"height":3024,"url":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg","type":"image\/jpeg"}],"author":"marymoorefield","twitter_card":"summary_large_image","twitter_misc":{"Written by":"marymoorefield","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#article","isPartOf":{"@id":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/"},"author":{"name":"marymoorefield","@id":"https:\/\/sites.ncleg.gov\/houseoversight\/#\/schema\/person\/a8b3abc4ef4f8bd5a4004670dc83797c"},"headline":"Briner, Marshall Testify Before House Oversight","datePublished":"2025-04-17T20:39:43+00:00","dateModified":"2025-04-17T20:43:26+00:00","mainEntityOfPage":{"@id":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/"},"wordCount":580,"commentCount":0,"image":{"@id":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#primaryimage"},"thumbnailUrl":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg","keywords":["Agencies","General Assembly","House","Legislature","Warren"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/","url":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/","name":"Briner, Marshall Testify Before House Oversight - House Oversight and Reform Committee","isPartOf":{"@id":"https:\/\/sites.ncleg.gov\/houseoversight\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#primaryimage"},"image":{"@id":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#primaryimage"},"thumbnailUrl":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg","datePublished":"2025-04-17T20:39:43+00:00","dateModified":"2025-04-17T20:43:26+00:00","author":{"@id":"https:\/\/sites.ncleg.gov\/houseoversight\/#\/schema\/person\/a8b3abc4ef4f8bd5a4004670dc83797c"},"description":"The House Oversight Committee held its third hearing with state agencies on April 3 with Treasurer Brad Briner and Secretary of State Elaine Marshall.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sites.ncleg.gov\/houseoversight\/2025\/04\/briner-marshall-testify-before-house-oversight\/#primaryimage","url":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg","contentUrl":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg","width":4032,"height":3024,"caption":"Treasurer Brad Briner testifies before the House Oversight Committee Thursday, April 3, 2025."},{"@type":"WebSite","@id":"https:\/\/sites.ncleg.gov\/houseoversight\/#website","url":"https:\/\/sites.ncleg.gov\/houseoversight\/","name":"House Oversight and Reform Committee","description":"Just another NCGA Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sites.ncleg.gov\/houseoversight\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/sites.ncleg.gov\/houseoversight\/#\/schema\/person\/a8b3abc4ef4f8bd5a4004670dc83797c","name":"marymoorefield","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/88c1a42f25383fc86d25d48258c61258677e0fa78f183c3167eb3c9a15eea4c4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/88c1a42f25383fc86d25d48258c61258677e0fa78f183c3167eb3c9a15eea4c4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/88c1a42f25383fc86d25d48258c61258677e0fa78f183c3167eb3c9a15eea4c4?s=96&d=mm&r=g","caption":"marymoorefield"},"url":"https:\/\/sites.ncleg.gov\/houseoversight\/author\/marymoorefield\/"}]}},"jetpack_featured_media_url":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-content\/uploads\/sites\/15\/2025\/04\/Briner-hearing-2.jpg","_links":{"self":[{"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/posts\/967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/comments?post=967"}],"version-history":[{"count":3,"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/posts\/967\/revisions"}],"predecessor-version":[{"id":975,"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/posts\/967\/revisions\/975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/media\/968"}],"wp:attachment":[{"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/media?parent=967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/categories?post=967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.ncleg.gov\/houseoversight\/wp-json\/wp\/v2\/tags?post=967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}