RALEIGH: NC debt report widens borrowing capacity - Local news, weather, sports Savannah | WSAV On Your Side

NC debt report widens borrowing capacity

Posted: Updated:
RALEIGH, N.C. -

North Carolina government leaders have better news about how much more the state could borrow and probably keep top grades from bond-rating houses.

The annual Debt Affordability Study released by State Treasurer Janet Cowell is designed to advise legislators and the governor as they make borrowing decisions.

The report says the state could issue $570 million in additional debt annually for the foreseeable future and keep annual debt service at or below 4 percent of state operating revenues - a key measurement for the study committee. Last year's report didn't provide as much new capacity.

The study also finds debt capacity for transportation projects has widened significantly since the legislature rescinded some toll road debt authority.

Executive branch leaders and legislative appointments comprise the study panel led by Cowell.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Dramatic doggie makeovers put new face to pet adoption

    Dramatic doggie makeovers put new face to pet adoption

    Tuesday, July 29 2014 5:14 PM EDT2014-07-29 21:14:31 GMT
    What a difference a bath can make! Millions of shelter dogs across the United States just need a little bit of grooming and TLC in order to shine, as evidenced by these photos.
    What a difference a bath can make! Millions of shelter dogs across the United States just need a little bit of grooming and TLC in order to shine, as evidenced by these photos.
  • Venice pilot issues apology, explanation on deadly beach crash

    Venice pilot issues apology, explanation on deadly beach crash

    Tuesday, July 29 2014 7:24 PM EDT2014-07-29 23:24:51 GMT
    A statement from Karl Kokomoor is read by the pastor as his wife (far left) listens.A statement from Karl Kokomoor is read by the pastor as his wife (far left) listens.
    The pilot of the plane that crashed on Caspersen beach on July 27th killing a father and his 9 yr old daughter released a statement through the pastor of his church late Tuesday. As the pastor read the statementfrom Karl Kokomoor, the pilot's wife listened as details of what happened during thedeadly plane crash were revealed in a press conference at the church.
    The pilot of the plane that crashed on Caspersen beach on July 27th killing a father and his 9 yr old daughter released a statement through the pastor of his church late Tuesday. As the pastor read the statementfrom Karl Kokomoor, the pilot's wife listened as details of what happened during thedeadly plane crash were revealed in a press conference at the church.
  • Lawsuit: Failed Circumcision Never Happened

    Lawsuit: Failed Circumcision Never Happened

    Tuesday, July 29 2014 3:33 PM EDT2014-07-29 19:33:55 GMT
    Doctors accused of amputating a man’s penis during a circumcision asking for dismissal
    Doctors accused of amputating a man’s penis during a circumcision asking for dismissal
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.