Tag:voter approval

  • Bill Limiting Debt Not Approved By Voters Breezes Through Senate

    RALEIGH — Senate Bill 129, sponsored by Sen. Tommy Tucker, R-Union, would limit “special indebtedness” incurred through the State Capital Facilities Finance Act to 25 percent of all General Fund debt. It is currently at 40 percent. Because special indebtedness instruments are not backed by the “full faith and credit”…