, Land Line state legislative editor | Monday, October 27, 2014
Voters in one North Carolina locale will decide next month on whether to tax themselves more to improve roads.
A bond referendum on the ballot in the city of Wilmington will ask voters whether to approve a $55 million transportation bond. However, only $44 million would be borrowed. The rest would come from existing funds.
If approved, the property tax in the city of more than 112,000 people would increase by two cents. On average, property owners would pay about $40 more each year.
The bond would be used to cover $35 million for “acquiring, constructing, reconstructing, widening, extending, paving, resurfacing, grading and improving streets, roads and intersections.” The other $20 million would be use for bicycle and pedestrian projects.
Advocates say the additional funding would benefit traffic flow and increase safety on roadways and at intersections. They also say that bond passage would encourage alternate forms of transportation.
For more 2014 election coverage from Land Line, click here.
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