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Letter: Bond upgrades water infrastructure

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Small and medium-sized North Carolina towns would receive much-needed funding to improve their deteriorating water and sewer systems through the Connect NC bond. More than $309 million dedicated to water and sewer system projects would help communities who otherwise could not afford to pay for long overdue repairs, maintenance, and modernization.

Clean water and reliable infrastructure are essential to safeguarding the environment, protecting public health, and making every North Carolina community economically competitive. The infrastructure challenge is particularly difficult in rural areas where many water and sewer systems were built more than fifty years ago. Many towns have difficulty finding funds for critical improvements to their facilities. Sudden breakdowns of water or sewer systems can interrupt daily life and are a less-than-welcoming sign for prospective job-creating businesses.

Of the $309.5 million included in the Connect NC bond proposed by Governor McCrory, $100 million would fund grant projects that small and medium-sized towns simply can’t afford today. The remaining $209.5 million would be used for low-interest loans for water and sewer improvement projects. When the loans are paid back, the money will be loaned again to other water and sewer systems across the state. It is estimated that over the next 20 years, the $209.5 million will pay for more than $450 million in water and sewer projects.

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Comments

Soooo...

How will this bond be repaid?

anybody from GRIMESLAND reading this???

How are your water/sewer bills after the hook-up? Please tell the truth of the story of how there wasn't an option.

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NCAA

Bless your heart
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