NC bond packages resurface after veto crumbled cash plan

North Carolina General Assembly

RALEIGH, NC (AP) — Borrowing money to pay for North Carolina government buildings and roads is surfacing again at the General Assembly after a pay-as-you-go construction expansion plan crumbled last year beneath a veto.

Republican House Speaker Tim Moore and other representatives filed a measure this week that would put a $1.9 billion debt referendum on this November’s ballot.

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The full House sought a similar package last year, but Senate Republicans wanting to build using conventional tax revenues and without debt won out in legislative budget negotiations. Then, Democratic Gov. Roy Cooper vetoed the GOP’s budget in part because he favored a debt package.