Although the Connect NC bond referendum will provide much needed funds for a variety of capital projects, the tag line that this can be accomplished with “no tax increase” is a bit disingenuous.
This debt will be serviced from the general fund, probably over 20 years, and if not supported by new revenue, cuts to existing programs will be required. The proponents of the bonds have not mentioned this. Perhaps they’re hoping that no one will notice.
Richard G. Little