“The House Bond Proposal is a plan that invests in North Carolina’s future in a proactive and fiscally conservative manner. Planning for our future is a key Republican principle upon which all leaders in the Executive branch, House and Senate can agree. We must recognize that interest rates on government bonds are at historic lows and utilize this opportunity to invest in our roads, buildings, schools, parks, and National Guard. We have a responsibility to take care of our infrastructure and ensure North Carolina remains vibrant for future generations.”
Chairman of the Appropriations Committee on Capital, Representative Dean Arp said, “this $4.15B Bond Package is unique in that it utilizes the current low interest rates on government bonds and leverages a $1.30B 6-year pay-go plan for transportation projects across the state. It is imperative that we connect our state for economic development while making the most of cash projects for transportation. I’m proud to be part of a bi-partisan effort to advance and increase the effectiveness of our State’s resources.”
The House plan works off the themes of the Governor’s proposal, but further enhanced and developed the concepts in that plan.
The final Project List accomplishes the following:
- Extends the life of the State’s useful assets.
- Ensures that financing aligns with the asset lifespan.
- Focuses on areas that will boost State’s economic activity.
- Prioritizes projects that partner with industry and university.
- $1,689,550,329 for Education
- $400,000,000 for Transportation
- $10,000,000 for Matching Local Parks Grant Fund for Disabled Children and Veterans
- $200,000,000 for Capital Repair and Renovations
- $100,000,000 for State Parks
- $75,000,000 for Clean Water and Sewer Projects
- $46,725,000 for Public Safety
- $92,751,623 for the National Guard
- $195,000,000 for Agriculture Partnerships, Projects
- $10,800,000 to the Department Of Cultural Resources