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Panel backs $1 billion transportation bond
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Published: May 13, 2008
RALEIGH - On the morning before legislators reconvene in Raleigh, a blue-ribbon transportation panel is asking the General Assembly to consider new bonds for road-building and public transit.
The 21st Century Transportation Committee recommended today that the legislature offer a transportation bond of at least $1 billion. The debt would be repaid by ending a $172 million annual transfer from a transportation fund to the state's general operating fund.
Any bonds would have to be approved by voters.
The panel also asked that money that comes from the annual transfer be earmarked to help initiate new toll roads.
Legislative leaders have been cautious about new bonds because of the weakening national economy.
The General Assembly scheduled to reconvene this year's session at midday.
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N.C. Politics
Federal Politics
The Downtown Summer Music Series will begin on Thursday. Ed Bumgardner talks to some of the organizers of the Downtown Jazz lineup, in which a form of music known as "smooth jazz" will play a more prominent role this year.
Thursday's relish stories will appear in the Entertainment section.
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