Nearly 500 transportation projects across North Carolina are at-risk because North Carolina does not have a modernized and diversified revenue stream to invest in our roads and bridges, according to a new report in the Wilmington Star-News:

“Though DOT revenues, mostly generated from a gas tax, have rebounded from the previous year, it hasn’t been enough to keep pace with rising construction, inflation and right-of-way acquisition costs. Joey Hopkins, DOT deputy chief engineer, planning, said the department has since responded by improving its cost estimation tools and implemented policies to take into account more time-relevant information when determining estimates. “We’re using this to help us figure out how to move forward with a capital plan that’s fiscally constrained, and hopefully to that’s reliable and dependable at the local level,” Hopkins said.”

We’ve outlined how North Carolina’s “Outdated Funding Model” is unreliable and susceptible to disruption. We encourage North Carolina legislators to take action to build solutions to modernize our state’s transportation funding model and help grow our economy.