NC Senate passes final bond proposal

A press release from the NC Senate was released today following a vote they had on a bond package.

In a strong bipartisan vote Wednesday, the North Carolina Senate tentatively approved a final $2 billion bond package to support critical infrastructure needs in the state’s public universities, community colleges, National Guard installations and local water and sewer systems. Voters will cast their ballots on the proposal during the March 2016 primary election.
Among other items, the final proposal includes:
·         $980 million to upgrade science, engineering and business education facilities at 14 public university campuses and to support repairs and renovations at campuses statewide;
·         $350 million to the community college system to make improvements at every community college across the state;
·         $70 million to the N.C. National Guard to build and modernize needed regional readiness centers;
·         $8.5 million to a public safety training academy; and
·         More than $300 million in grant and loan programs to improve water and sewer infrastructure in communities statewide.
“North Carolina has long faced challenges with aging infrastructure, and with a rapidly growing population, our state’s needs are also rapidly growing,” said Senate Leader Phil Berger (R-Rockingham). “We appreciate Gov. McCrory leading the effort to give voters an opportunity to invest in critical improvements, so North Carolina can continue to attract and retain jobs and maintain a high quality of life.”

Sarah Curry

Sarah Curry is Director of Fiscal Policy Studies at the John Locke Foundation.

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