McCrory Plan Channels N.C. Road Funds to Republican Areas
Republican Governor Pat McCrory, whose prize accomplishment is a ranking system designed to take politics out of North Carolina road spending, wants to ignore his own creation to fund rural projects.
McCrory has proposed a $1 billion bond sale specifically for work that doesnt score well under the formula he instituted this year. A Transportation Department draft list of 20 potential projects showed them sprinkled around the state. Most were outside cities and 12 were in districts represented by Republican state lawmakers.
The system devised by McCrory, a 58-year-old former Charlotte mayor, is driven by data, focuses spending on economic centers and discourages projects in sparsely populated areas. The bond proposal is a peace offering to fellow Republicans, said Chris Fitzsimon, director of NC Policy Watch in Raleigh, which pushes higher spending on education and social services.
It certainly sends a confusing message, from a governor who has talked incessantly about a ranking system for roads, Fitzsimon said. It looks to me like hes trying to make amends.
McCrorys plan to send bond funds to Republican strongholds arrives at a critical juncture. After a taking control of all branches of government two year ago, Republicans tightened rules on voting and cut taxes and education spending. This year, the party is trying to unseat Democratic U.S. Senator Kay Hagan in a race key to control of Congress.
Thomas Mills, a Democratic political consultant, said the the bond plan is designed to shore up support for McCrory and other Republicans.
Rural voters are their base, he said.
Ryan Tronovitch, a McCrory spokesman, referred questions to the state Transportation Department.
Mike Charbonneau, a spokesman for that agency, said the proposal lets the state take advantage of interest rates near historic lows.
North Carolina (NNC) has the top rating from Moodys Investors Service, Standard & Poors and Fitch Ratings. It can issue $1.2 billion in debt for transportation projects through 2017, according to a January report by state treasurers Debt Affordability Advisory Committee.
View post:
McCrory Plan Channels N.C. Road Funds to Republican Areas