- Associated Press - Tuesday, August 4, 2015

RALEIGH, N.C. (AP) - A new proposal to borrow almost $3 billion for North Carolina infrastructure and road projects is making its way through the House after questions from lawmakers about the projects and a recommended November statewide referendum.

The House Finance Committee recommended Tuesday the bond package to the full chamber. Floor debate is expected Wednesday.

The legislation would authorize borrowing the same amount as what Gov. Pat McCrory wants the state to borrow, but the House shifts more proceeds toward building projects, including $500 million for school construction. McCrory is getting behind the proposal.

House Republicans also have located more than $1 billion for additional road building, but that’s not part of the bond package. The changes are designed to gain support from Senate Republicans opposed to issuing debt to build roads.


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