Town Uses Bonds to Share in Cost with NCDOT and Others

Portion of $40 million bond:  $24 million

Purpose: For these larger, costlier projects, the Town plans to use bond funds as contributions to matching grants that would make the projects possible. These are State-maintained roadways that would likely invite N.C. Department of Transportation participation. In this way, the Town will get much more than $24 million worth of improvements.