The N.C. Department of Transportation doesn’t have enough debt space to borrow the full $3 billion for local road and bridge construction promised in the Build NC Bond Act of 2018, State Treasurer Dale Folwell says. Folwell made this comment Tuesday…
The state panel that determines how much money North Carolina can prudently borrow over the next 10 years rejected an appeal Wednesday by Gov. Roy Cooper’s budget director to triple the state’s debt ceiling from $2.03 billion to more than $6 billion. The 6-3 vote of…
People in Raleigh who ride electric scooters will probably notice their trips costing more. Bird, which operates many of the e-scooters dotting downtown, has added a $2 transportation fee in response to recent City Council regulations. Last year,…
Was Apple’s choice of Austin, Texas, over the Research Triangle for its new, $1 billion campus a win or a loss for North Carolina? The answer isn’t as obvious as local boosters would have you believe. Sure, the sudden infusion of capital investment and (eventually) high-paying, high-skilled jobs would…
In addition to choosing representatives, and deciding six statewide constitutional amendments Tuesday, Nov. 6, North Carolina voters approved more than $1.8 billion in local bonds for K-12 and community college projects, parks and open spaces, low-income housing, and street improvements. Voters also weighed in on sales…
If Democrats can retain the allegiance of inner-suburb voters, the GOP will struggle in future elections in North Carolina and other fast-growing states.
Voters will choose all 170 members of the N.C. General Assembly Tuesday. The elections will determine whether Republicans maintain veto-proof supermajorities in both the state House and Senate. Becki Gray, John Locke Foundation senior vice president, explains how the legislative elections could affect state policy. That includes relations with Democratic…
If we learned one thing during the devastation and recovery from Hurricanes Florence and Michael, it’s that setting aside more than $2 billion in savings for a rainy day was a very good idea. But that $2 billion didn’t just magically appear. It came from hard decisions, focused…
Gov. Roy Cooper signed into law the $793 million Hurricane Florence Disaster Recovery Act on Tuesday, Oct. 16, following unanimous legislative passage. An N.C. State University political science professor says not to expect the good vibrations to last. “We see these…
