According to Governor McCrory, it’s been 15 years since the last general obligation bond was authorized to upgrade our state’s infrastructure and since then North Carolina has added 2 million people in population. The $2 billion bond will connect North Carolina to the 21st century through statewide investments in education, parks, safety, recreation and water and sewer infrastructure.
The Connect NC bond will allow us to pay for 50-year assets with 20-year financing. No tax increases are necessary to finance the bond, given our strong revenue growth and ample debt service capacity. Projects will be spread across 76 counties. More information will be forthcoming before the referendum vote in March 2016.