NC highway money changes near final passage
RALEIGH, NC (AP) – Gov. Pat McCrory is just one vote away from receiving from getting the new distribution method he sought for transportation funds across North Carolina.
The House gave by a wide margin approval Tuesday to a new funding model that focuses more upon projects of statewide and regional importance that relieve congestion and encourage economic growth. The House only needs to again agree formally Wednesday to changes by the Senate before the bill goes to McCrory’s desk.
McCrory and legislative leaders announced in April proposed changes to the current Highway Trust Fund formula that distributes money equally among the state’s 14 transportation divisions.
The proposed formula distributes 40 percent of trust fund and federal aid money to statewide projects and 30 percent each to regional and division projects.
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