North Carolinians voted to approve the Connect NC bond in Tuesday’s primary.
The $2 billion dollar bond will fund investments in the UNC system, community colleges, state parks, National Guard Facilities and water and sewage utilities. Those investments include a new Medical Education Building at UNC and improvements to Jordan Lake State Park and Eno River State Park.
The bond received support from both Democrats and Republicans ahead of the referendum.
The two billion dollar proposal would be the first general obligation bond in 15 years with the purpose of improving the state’s infrastructure.
Pat McCrory pitched the bond to UNC and Chapel Hill leaders in February. McCrory has said that the bond will not result in any new taxes and tax increases.
Opponents of the bond said it would leave debt to future generations.
View all of the Connect NC Bond projects.
UNC Chancellor Carol Folt on the passage of the bond:
“I am so grateful to North Carolina’s voters for supporting higher education in such a wonderful way. It is a strong endorsement for the importance of having the very best facilities at Carolina to train more North Carolina doctors for our state.”
UNC System President Margaret Spellings released this statement Tuesday:
“This is a great day for the UNC system and all of North Carolina. We are grateful to the voters for approving the Connect NC Bond package and for their demonstration of support and confidence in our public University and community colleges. North Carolina is known for its longstanding commitment to public higher education, and the economic return on that investment has been tremendous. Today—at the ballot box—our citizens reaffirmed that historic commitment. With their votes, they said that higher education must continue to help meet the needs of the state and to open the doors of economic opportunity for their children and grandchildren.”
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