NC bond debate tests debt limits and household logic
Rep Dana Bumgardner argues North Carolina should fund needs without borrowing, citing eight hundred million in annual interest costs. Bond supporters led by Gov Pat McCrory say debt will shrink in five years with approved bonds. Bumgardner counters the state could repay without debt, noting five to seven years to issue bonds and plan spending, and raises questions about tax increases.
MENTIONED IN THIS ARTICLE
Dana Bumgardner
North Carolina
Bumgardner
Pat McCrory
Bonds make sense right now in North Carolina
Rep. Kelly Hastings argues state bonds can fund education and infrastructure without tax increases. About half of a $2 billion package would go to universities, with $350 million to community colleges and $300 million for water and sewer projects. Public safety and National Guard projects would receive funds, and residents would vote on borrowing.
MENTIONED IN THIS ARTICLE
Hastings
House Finance Committee
National Guard
North Carolina
UNC System Water and Sewer Projects Funding
The proposal earmarks 980 million for water and sewer projects across the UNC system. Community colleges receive 312.5 million, with 350 million allocated to agriculture. Additional funding totals include 179 million for agriculture, 100 million for National Guard and public safety, and 78.5 million for state parks and zoo needs.
MENTIONED IN THIS ARTICLE
UNC
National Guard
Public
Faculty Forward pushes unions across universities and higher education
A 2 million member labor coalition promotes a $15 minimum wage and backs organizing drives. Faculty Forward campaigns at University of Chicago Georgetown and other campuses push for job security for non tenure track instructors. Spellings faces union pressure amid corporate board ties and political aims.
MENTIONED IN THIS ARTICLE
University of Chicago
Georgetown University
Duke University
Faculty Forward Network
Manhattan
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