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The study also finds debt capacity for transportation projects has widened significantly since the legislature rescinded some toll road debt authority.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

  • Florida Missing Child Alert: 15-year-old girl

    Florida Missing Child Alert: 15-year-old girl

    Tuesday, September 16 2014 4:23 PM EDT2014-09-16 20:23:50 GMT
    Lindsey Turner (left) could be with Hailey Vallier (right).Lindsey Turner (left) could be with Hailey Vallier (right).
    A Florida Missing Child Alert has been issued for Lindsey Turner, a white female, 15 years old, 5 feet 02 inches tall, 140 pounds, blonde hair, blue eyes, a smiley face scar on inner right wrist, last seen in the 1900 block of W 60th Street in Hialeah.
    A Florida Missing Child Alert has been issued for Lindsey Turner, a white female, 15 years old, 5 feet 02 inches tall, 140 pounds, blonde hair, blue eyes, a smiley face scar on inner right wrist, last seen in the 1900 block of W 60th Street in Hialeah.
  • The 10 cities with America’s worst drivers

    The 10 cities with America’s worst drivers

    Tuesday, September 16 2014 1:25 PM EDT2014-09-16 17:25:20 GMT
    Driving in cities on the East Coast doesn't sound too appealing, based on the latest edition of the Allstate America's Best Drivers Report. Of the 200 most populated cities in the country, 9 of the 10 places where it's least safe to drive are located in eastern states.
    Driving in cities on the East Coast doesn't sound too appealing, based on the latest edition of the Allstate America's Best Drivers Report. Of the 200 most populated cities in the country, 9 of the 10 places where it's least safe to drive are located in eastern states.
  • Bear takes dip in back yard pool

    Bear takes dip in back yard pool

    Tuesday, September 16 2014 1:52 PM EDT2014-09-16 17:52:16 GMT
    NBC News imageNBC News image
    It's no secret that alligators sometimes make their way into pools here in Florida. But, in sunny California, bears have been known to venture into back yards to take a dip.
    It's no secret that alligators sometimes make their way into pools here in Florida. But, in sunny California, bears have been known to venture into back yards to take a dip.
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.