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City Profile and Economy
The City of Raleigh, North Carolina (the “City”), the county seat of Wake County and the capital if the State of North Carolina. With an estimated population of approximately 500,000, Raleigh is the 2nd largest city in the state and among the largest cities in the United States. Located in the Piedmont region, Raleigh forms one point of the Research Triangle Park, along with Chapel Hill and Durham. The region has developed into a nationally recognized center for technology, research, and innovation.
Raleigh’s economy benefits from a diverse base of employment including state and local government, higher education, healthcare, technology, and retail trade. The city is home to offices of North Carolina state government and several higher education institutions, including North Carolina State University, the largest university in the state. The region continues to experience strong population and business growth, supported by its strategic location, favorable business environment, and high quality of life. As a result, Raleigh’s economy has seen positive gains in employment, population, tax base, revenues and overall strength and size of its economy. Cultural, entertainment, and recreational amenities—including the Raleigh Convention Center, Red Hat Amphitheater, Lenovo Center, and the Martin Marietta Center for the Performing Arts, numerous museums and festivals—further contribute to the area’s economic vitality and tourism activity.
Driven by a strong economy and exceptional quality of life, Raleigh is consistently ranked among the nation’s most attractive metropolitan places to live and conduct business.
Fiscal Responsibility
The City maintains a strong commitment to fiscal stewardship through long-standing financial policies, disciplined financial planning, and conservative debt management practices. Raleigh has consistently received AAA/Aaa credit ratings from all three major credit rating agencies, reflecting its strong financial position.
The City uses long-term financial planning and a multi-year Capital Improvement Program (CIP) to identify infrastructure needs and align funding strategies. Capital projects are financed through a balanced approach utilizing both pay-as-you-go funding and long-term debt.
Debt affordability models, financial forecasting, and rate sensitivity analyses support prudent financial management and long-term sustainability. The City maintains fund balance policies to further mitigate financial risk.
Fixed rate bonds, refundings, bank draw programs, and variable rate debt are methods employed by the City to diversify its debt portfolio, increase debt capacity and provide savings for the City. The Treasury Services division oversees the issuance and management of debt for the City’s governmental and enterprise operations, including transportation, parks and recreation, housing, water and sewer, stormwater, convention center facilities, municipal infrastructure and equipment.
Treasury Team
Allison Bradsher (view bio)
Chief Financial Officer
allison.bradsher@raleighnc.gov
Shelle Boudreau, CPA (view bio)
Senior Manager
shelle.boudreau@raleighnc.gov
919-996-4965
Laura Broda (view bio)
Cash and Investments Manager
laura.broda@raleighnc.gov
919-996-4940
George Lane, CPA (view bio)
Debt Manager
george.lane@raleighnc.gov
919-996-2245
Jennifer Hall (view bio)
Debt Manager
jennifer.hall@raleighnc.gov
919-996-4942