Bond initiative would waste taxpayer money
To the Editor:
Voters should vote AGAINST the $2 billion “Connect NC” bonds on the March 15 ballot.
Gov. Pat McCrory’s original “Connect NC” bond proposal was primarily for transportation. However, the legislature removed every transportation project. Now, WCU would get $110 million for a new building, but every state university would also share in a $1.065 billion honey pot for buildings.
Southwestern Community College would get $7.2 million for “new construction, repairs, renovations,” but every state community college would share in a $350 million honey pot for the same. Every state park would share $75 million for undefined projects, and the N.C. Zoo would get $25 million for a new building. Other state entities would share the remaining $485 million.
This is the first state bond in 15 years, since the legislature had been appropriating money for these types of projects through its budgets. Depending on the terms of the bonds sold over the next four years, adding in interest payments the $2 billion in projects could cost taxpayers as much as $3.5 billion.
These bonds will provide special interest vote-buying and resumé enhancers for the governor and every state legislator running for re-election in November. Why else place the bonds on the March ballot when only about half as many voters will vote on the issue versus in November? Bond opponents also have less opportunity to educate voters on the facts about these bonds with a March vote.
With this Christmas-in-March shotgun cash distribution, our legislators are abdicating their responsibilities to select the true “needs” versus the “wants” of those seeking taxpayer money.
Vic Drummond
Franklin