News

North Carolina representative introduces two school safety bills

U.S. Rep. Mark Meadows, R-11th District, thinks boosting funding for school resource officers — not gun control — is the best way to protect schools. Meadows on Tuesday, March 6, introduced two bills to enhance school security after the mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida. “Our country is in the...

Lindsay Marchello
News

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” of the state, they carry higher interest rates and higher costs than general obligation bonds.

Dan Way

Help Support Non-profit Journalism & Donate Today

News

Bill Limiting Non-Voter-Approved Debt Goes to Governor

RALEIGH — A bill substantially scaling back the amount of debt the state can assume without voter approval has been sent to Gov. Pat McCrory for signing. On a 115-0 vote the House today approved Senate Bill 129 to limit “special indebtedness” to 25 percent of all General Fund debt.

Dan Way
News

Taxpayers Pay More When Politicians Avoid Voter Approval For Debt

RALEIGH — Bypassing statewide bond referendums has cost North Carolina taxpayers an estimated $261 million in extra interest payments on state debt since 2005. That’s a key finding in a new John Locke Foundation Spotlight report. JLF is releasing the report as some N.C. legislators push a measure that would limit the amount of nonvoter-approved debt North Carolina could take on in the future.

CJ Staff