Governor's proposal to borrow $3 billion for projects outlined i - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Governor's proposal to borrow $3 billion for projects outlined in House bill

A bill filed Thursday in the state House outlines spending billions on transportation and infrastructure projects, if voters approve two bonds later this year. A bill filed Thursday in the state House outlines spending billions on transportation and infrastructure projects, if voters approve two bonds later this year.
RALEIGH, NC (WECT/AP) - The State Port at Wilmington would receive $75 million for infrastructure improvements under a plan proposed by Governor Pat McCrory and outlined Thursday in a bill filed in the General Assembly.

The port project is one of several outlined for southeastern North Carolina in the proposal. Gov. McCrory is proposing the legislature authorize up to $3 billion in debt to pay for scores of road projects and government and campus building construction, should voters agree to borrow the amounts this fall. 

The bill filed by House budget-writers identified by one sponsor as the text of McCrory's budget proposal includes details of proposed bond packages the governor announced earlier this year.

The bill requests up to $1.5 billion in highway bonds and $1.5 billion in infrastructure bonds. The amounts are slightly higher than what McCrory has discussed. According to the bill, each grouping of debt would be subject to a statewide vote in either October or November.

The legislation filed Thursday itemizes projects McCrory's administration would like to complete using the debt.

The proposed bond plan would spend:

  • $75 million on infrastructure improvements at the State Port in Wilmington
  • $11.5 million on a new Visitor's Center at the USS North Carolina Battleship
  • $3.5 million for shoreline protection at the Brunswick Town Fort Anderson historic site
  • $250,000 on major renovations to the National Guard Armory in Wilmington

To read the text of the Governor's bond proposal, called the "Critical Highway and Infrastructure Needs Bond Act of 2015" click here: http://bit.ly/1GR2GHz  (**The explanation of the proposal begins on page 176 of the document, while list of projects that would be paid for by the transportation and infrastructure bonds begins on page 195**).

Copyright 2015 WECT. All rights reserved. The Associated Press contributed material to this report.

Powered by Frankly