A nearly $3 billion bond package that would go to North Carolina citizens this fall is moving forward. The bill received tentative House approval Wednesday afternoon.
The measure would borrow essentially the same amount of money Gov. Pat McCrory wants to borrow for roads and government infrastructure. The House shifts more proceeds to building projects such as K-12 schools and higher education campuses.
Any debt would have to be approved by voters as well. House Republicans would hold the referendum in November, meeting the governor's timeline.
Rep. Dean Arp of Monroe called the proposal a wise financial plan and a good time to borrow at low interest rates. Some legislators averse to debt voted no, while others say the plan was moving too quickly.
A final House vote is expected Thursday.
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