Source: WRAL, 10/23/19
A state House panel supports a $660 million fix for cash-flow problems at North Carolina's Department of Transportation attributed to disaster recovery spending and litigation losses. But the chamber's top budget-writers aren't expected to support it. WRAL-TV reports the measure approved on Wednesday by a transportation spending subcommittee would give $360 million to DOT to cover legal awards after courts struck down a law that previously kept land costs for highways low. State government also would loan $300 million to DOT, with full repayment by 2025 through federal disaster reimbursements.
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