Approved bill says N. Carolina voters to decide on debt

Associated Press

RALEIGH, NC (AP) — Voters statewide will likely decide in March whether North Carolina should borrow $2 billion for government construction projects, with most of that money going to university and community college campuses.

With a House vote early Wednesday just after midnight, the General Assembly gave final approval to legislation laying out how the borrowed money would be distributed. The agreement now goes to Gov. Pat McCrory, who has pushed a bond package for months, although he wanted to borrow more and allocate some money to road-building. No transportation projects are included.

More than $900 million would be spent on 14 University of North Carolina campus projects, with $350 million earmarked for all 58 community colleges.

Supporters say low interest rates and a growing state make it the right time to borrow.

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Categories: NC, News

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