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The study also finds debt capacity for transportation projects has widened significantly since the legislature rescinded some toll road debt authority.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

  • April Mugshots

    April Mugshots

    Tuesday, April 15 2014 11:48 AM EDT2014-04-15 15:48:25 GMT
    James SiebenthalJames Siebenthal
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
  • BCSO Searches For Missing Hilton Head Island Couple

    UPDATE: Missing Couple Found Safe

    UPDATE: Missing Couple Found Safe

    Saturday, April 19 2014 11:49 AM EDT2014-04-19 15:49:44 GMT
    The Beaufort County Sheriff's Office is searching for two missing, possibly endangered people out of Hilton Head Island. Kenneth Anderson, 87, and Phyllis Anderson, 85, were reportedly on their way to visit family in Lawrenceville, Ga. at about 10 a.m. on Friday.
    The Beaufort County Sheriff's Office is searching for two missing, possibly endangered people out of Hilton Head Island. Kenneth Anderson, 87, and Phyllis Anderson, 85, were reportedly on their way to visit family in Lawrenceville, Ga. at about 10 a.m. on Friday.
  • SURVELLIANCE VIDEO: Runaway Horse in Downtown Savannah

    SURVELLIANCE VIDEO: Runaway Horse in Downtown Savannah

    Tuesday, April 15 2014 5:08 PM EDT2014-04-15 21:08:52 GMT
    WSAV has learned that a horse carriage was involved in an accident in downtown Savannah on Monday. A viewer tells News 3 that the horse went 'berserk' after the accident. Savannah Police have closed
    WSAV has learned that a horse carriage was involved in an accident in downtown Savannah on Monday.
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.