FACTSHEET: Rebuilding Our Infrastructure | Eastern NC Now

My budget commits nearly $4.8 billion to lay the foundation for our 25-year transportation vision, which focuses on connecting small towns and economic centers to simplify citizens' commutes for work, school and recreation...

ENCNow
Press Release:

Investing in the critical needs of a growing state.


  • My budget commits nearly $4.8 billion to lay the foundation for our 25-year transportation vision, which focuses on connecting small towns and economic centers to simplify citizens' commutes for work, school and recreation. This includes:
    • An increase of $135 million for strategic investments in critical infrastructure.
    • $51 million for road preservation and improvements.
    • $36 million for capital repairs and renovations under the Capital Improvements plan.
    • $10 million to ease congestion in rural and small urban areas.
  • Proposes targeted, long-term investment to update our state's critical infrastructure through bond financing.
    • We will request a transportation bond of $1.2 to $1.4 billion that will allow us to take advantage of historically low interest rates for quicker construction of projects in the 25-year vision plan.
    • Projects funded through a revenue bond will be the next projects in line, scored under the Mobility Formula, with environmental documents in place to ensure projects can begin immediately.
    • North Carolina has an established history of responsibly using long-term financing for critical infrastructure that supports the needs of a growing population and economy.
  • Begins to address the inefficiency of state buildings that are a blight to North Carolina's main streets.
    • Simply using the same amount of space per state employee as is standard in the private sector could save an estimated $180 million.
    • We will submit a $1.2 to $1.4 billion general obligation bond proposal, which will revitalize buildings that can be saved, and build new, workable and efficient facilities for the National Guard, community colleges and other agencies that will help create economic development opportunities for their communities.
    • This financing, achieved at historically low interest rates, will help improve safety and increase productivity, while saving taxpayer money.

  • Contact: Crystal Feldman
  •     govpress@nc.gov

Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published )
Enter Your Comment ( text only please )




FACTSHEET: Investing In Higher Education Public Utilization, Statewide, Government, State and Federal FACTSHEET: Streamlining State​ Government


HbAD0

Latest State and Federal

"Your faith will go quiet when you need it loud. Tend to your faith, not just when you’re broken, but when you’re whole."
A new poll data points to continuing trend among the next generation of the left.
Trump administration policies are bringing the country back from the brink of an uncontrolled influx of illegal immigrants.
Ozturk's detention became a flashpoint in President Trump's mass deportation campaign.
“President Trump has always been clear about short-term disruptions as a result of Operation Epic Fury."
Cheryl Hines. Dennis Quaid. Nicki Minaj. All became associated with the Trump administration. What happened next?
A federal grand jury in North Carolina has indicted former FBI Director James Comey on two charges related to making threats against President Donald Trump.

HbAD1

Their goal was simple: to put a Planned Parenthood in every mailbox in America.
Treasury officials allege these groups pose as humanitarian entities while covertly siphoning donations to Hamas.
President Donald Trump has publicly floated regime change and other aggressive actions toward Cuba.
With a new roadside plaque unveiled in Ellerbe on April 23, legendary wrestler and local resident André René Roussimoff is finally getting the formal recognition fans believe he deserves.
Following a string of attacks, critics are calling for denaturalizations. It's not that simple.
The solution is not to legalize the problem; it is to enforce the law consistently and deter future illegal immigration.
The teachers union is pushing to cancel school on May 1 as Chicago public schools continue to report dismal student proficiency rates.
Mission accomplished on sending inspiration from the dark side of the moon.

HbAD2

Two years ago, new media brought President Trump back to the White House. What happened?
Victims’ advocates, prosecutors, law enforcement officials, and families impacted by violent crime gathered Tuesday at the North Carolina State Archives building in Raleigh to recognize National Crime Victims’ Rights Week and honor those affected by crime across North Carolina.
The POLITICO poll found that almost half of respondents think Hollywood players should "be less vocal with their political beliefs."
"They help cultivate a radical hate America agenda, and we can't afford that same toxic ideology in America's War Department.”
Tax Day is a week away, and the reports are in: North Carolinians are winning big with record-setting tax returns thanks to President Trump and Republicans' Working Families Tax Cuts.
“It is a trust fund, a piece of the American economy for every child that they will be able to take out when they are 18.”

HbAD3

 
 
Back to Top