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McCrory announces transportation funding overhaul

CHRIS KARDISH
Associated Press

RALEIGH, NC (AP) — Gov. Pat McCrory wants a new transportation funding model that directs more money to projects that he says will grow North Carolina’s economy.

McCrory’s plan introduced Thursday would give more state money to projects that can prove their potential worth.

Supporters say the state can use this new funding model despite weak revenues because the plan reprioritizes spending. Secretary of Transportation Tony Tata says his department would redirect about $120 million a year from secondary road maintenance to capital projects of greater impact.

Currently, North Carolina has a model that awards funding equally among the state’s 14 divisions. Tata says the new method could let the state work on 85 more projects and create 66,000 more jobs over the next 10 years.

The new formula will need legislative approval.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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