Committee Report Shows North Carolina in Strong Financial Position to Vote on a School and Infrastructure Bond | Eastern North Carolina Now

Press Release:

    RALEIGH: Today the Debt Affordability Advisory Committee, chaired by State Treasurer Dale Folwell, voted unanimously to approve the Debt Affordability Study that shows North Carolina is in a strong financial position to issue new bonds. Last year, Governor Roy Cooper proposed a $3.9 billion bond to renovate and build new schools and upgrade aging local water and sewer systems across our state. Today's report states that North Carolina can afford to borrow $11 billion over the next 10 years.

    "We must build schools to get our children out of trailers and reduce class sizes, and a bond now at extremely low interest rates is affordable and necessary," said Governor Cooper. "Our state is growing at a remarkable pace, and we should let the people vote on a bond that would help us keep up with the demands of that growth."

    The Governor's proposed bond is a responsible path forward to help North Carolina keep up with the demands of population growth. The proposed bond includes $2 billion for K-12 public schools statewide to help meet the estimated $8 billion need in renovations and new schools. It includes $500 million each for facility improvements at community colleges and University of North Carolina System institutions and $800 million for local water and sewer projects. The proposal also invests $100 million in the NC History Museum and the NC Zoo, cultural institutions that help educate North Carolinians and contribute to the economy.

    To learn more about how your area could benefit from the Governor's proposed bond, click HERE.

    A bond is the fiscally responsible option for making these investments, offering stability for school districts, colleges and universities, and local governments planning their budgets. It also allows the people of North Carolina the chance to voice their opinion on making these public investments.

    In July, Governor Cooper offered a compromise version of his bond proposal after vetoing the legislative budget that did not contain a bond. Legislative leaders have not responded to his compromise offer. To read more about the Governor's compromise offer, click HERE.


  • Contact: Ford Porter
  •     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Your Email Address ( your email address will not be published)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 ( no code or urls allowed, text only please )




Whatley Calls on NC TV Stations to Host Democrat Primary Debates for Senate Race Press Releases: Elected office holders, Op-Ed & Politics, Bloodless Warfare: Politics Recent Rules Make It Challenging for Unaffiliated Candidates to Get on the Ballot


HbAD0

Latest Bloodless Warfare: Politics

Glenn Beck: 'When the United States government can come after individuals, that's when you know our republic is crumbling.'
Washington, D.C. — Congressman Greg Murphy, M.D. issued the following statement on the latest continuing resolution:
WASHINGTON – Today, as Joe Biden continues his Bankrupting America Tour in North Carolina, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement:
Former President Donald Trump dominated the North Dakota Republican Caucus on Monday as he continues to inch closer to officially securing the party’s presidential nomination.
RALEIGH: Today, Governor Cooper visited a bus facility in Durham to highlight the recent significant federal funding for electric school buses in North Carolina.
The White House unveiled a new term on Thursday for the millions of illegal aliens who have flooded into the U.S. under President Joe Biden, which came just shortly before Biden took a trip to the border for a photo op at a spot that has had few illegal aliens cross.
Washington, D.C. — Congressman Greg Murphy, M.D. issued the following statement after voting in favor of S.J. Res. 38, to overturn the Federal Highway Administration’s rule relating to ‘Waiver of Buy America Requirements for Electric Vehicle Chargers.’
House Homeland Security Committee Chair Mark Green (R-TN) announced this week that he is reversing his decision to retire after receiving calls from former President Donald Trump and others.
Former President Donald Trump slammed President Joe Biden on Saturday after Biden apologized for calling the illegal alien who allegedly murdered a young woman in Georgia an “illegal” during his recent State of the Union speech.

HbAD1

RALEIGH: Lynddahl Telecom America Inc. (LTA), a duct solutions company for fiber optics installations, will create 54 new jobs in Gaston County, Governor Cooper announced today.
Sen. Ted Cruz (R-TX) said this week that the media and Democrat politicians are doing everything they can to hide the fact that the man who is accused of murdering a Georgia college student last week is an illegal alien
Illegal immigrants 'effectively left in legal limbo without any way to pursue asylum,' says non-partisan data analytics group
Former President Donald Trump called on 81-year-old President Joe Biden to take a cognitive exam Thursday morning, just hours after the commander-in-chief’s doctor said he was “fit to serve” following his annual physical exam.
RALEIGH: Today, Governor Cooper joined Centers for Medicare and Medicaid Services Administrator Chiquita Brooks-LaSure to highlight the positive impacts of Medicaid expansion in North Carolina and record Affordable Care Act enrollment numbers.
Sen. Katie Britt (R-AL) tore into President Joe Biden during an interview over the weekend for creating the catastrophe on the U.S. southern border.
Speaking at the White House on Wednesday on his “actions to fight crime and make our communities safer,” President Joe Biden boasted, “we beat the NRA,” adding, “We’re going to finish the job.”

HbAD2

Vice President Kamala Harris sparked outrage this week when she revealed that the Biden administration will be paying college students to register people to vote and to work at polls.
While we did not get all we wanted, we accomplished our first goal. That is to have a positive impact on the conservative cause.
This week, the North Carolina denied Board of Elections considered a challenge to former President Donald Trump’s ability to be on the ballot in the 2024 election.
Former President Donald Trump won Michigan’s Republican Party presidential primary on Tuesday night, beating former U.N. Ambassador Nikki Haley by more than 30 points.
The Democrat Party remains fractured under Joe Biden. In recent days, the embarrassments of Super Tuesday have continued.
Federal EPA funds from the Biden Administration will put new electric school buses on the road in NC
RALEIGH: Governor Cooper today commuted the sentence of one person in a North Carolina prison and granted pardons of forgiveness to four others.
Americans For Prosperity Action, a large conservative group supporting former U.N. Ambassador Nikki Haley’s bid for president, has announced that it will no longer spend money to help her following her fourth straight loss.

HbAD3

 
Back to Top