The state auditor said in an examination released Wednesday, May 26, that the N.C. Department of Transportation’s sloppy record keeping led to inaccurate reports on advance construction. That type of construction allows for road projects to be financed with federal highway money administered by the Federal Highway Administration in advance of receiving them. But Auditor...
State Rep. Chris Millis, R-Pender, believes voters were misled into believing the $2 billion Connect NC bond referendum passed in March mainly will finance roads and bridges, and has introduced legislation to strip $490 million of bond funding from state universities and reallocate it for roads, bridges, and transportation infrastructure. House Bill 1106 is now...
The Pope Center for Higher Education Policy this week released a Spotlight showing why the UNC system should not rely on bonds to finance the UNC system's construction costs and highlighting better ways to address construction needs. The report poses questions that it says all citizens and legislators should ask before giving approval to the legislation: Can't the necessary capital dollars come from existing growth in funding?
