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Treasurer Cowell's Statement on Governor's Bond Proposal

FOR IMMEDIATE RELEASE

September 18, 2014

Treasurer Cowell's Statement on Governor’s Bond Proposal

Raleigh, N.C. --North Carolina Treasurer Janet Cowell issued the following statement on the Governor’s transportation bond proposal:

“North Carolina has significant transportation infrastructure needs that we must address in order to grow our economy. According to the 2014 report of the Debt Affordability Advisory Committee, which I chair, the state currently has over $1.2 billion in debt capacity for transportation projects through 2017. There are various options available to finance infrastructure projects, however we must choose a fiscally sound approach that does not endanger the state’s AAA bond rating. I look forward to getting more details on this proposal.”