Noth Carolina House slated to debate nearly $3B debt proposal
RALEIGH, NC (AP) — It’s not exactly what Gov. Pat McCrory proposed, but House Republicans are pressing ahead with a construction and infrastructure package that would require North Carolina voters to sign off on close to $3 billion in borrowing.
The House scheduled debate Wednesday and the first of two required votes on the bond legislation. Proceeds would go largely to public schools and higher education construction projects, state buildings and some road construction.
McCrory wanted the debt largely divided between government infrastructure and highway projects, but the governor is still getting behind the House proposal. The House plan would put the borrowing on the ballot in November, like McCrory wants.
The measure would still have to clear the Senate, where Republicans are not that interested in more transportation debt.
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