A proposed funding fix to NCDOT’s financial crisis has moved through the General Assembly. Yesterday, a conference report on Senate Bill 356 was adopted with overwhelming bipartisan support in both chambers of the legislature.
This solution is a solid step forward to address our state’s infrastructure funding challenges and will kickstart many delayed projects. The conference report makes $290 million available to NCDOT through loans from the Highway Trust Fund and additional Build NC bonds. This should help NCDOT make it through the end of the year, enabling the Department to start projects included in the first five years of the State Transportation Improvement Program.
While this conference report is a positive development for our state, we will continue to advocate for increased investment in our state’s infrastructure. We’re thankful for House and Senate leadership on both sides of the aisle who made this issue a top priority during the special session, as well as those who supported a solution.
We encourage the Governor to sign the bill into law as soon as possible in order to help get people back to work.
UPDATE: Governor Cooper signed this bill into law on Monday, November 18, 2019.