North Carolina could see nearly a billion dollars in infrastructure cash from the economic stimulus package being considered in Congress.
Most of the money, $802 million, would go to highway and bridge projects around the state, Barb Barrett reports.
Here's how the rest of it breaks down:
* $104.7 million, to the state's Clean Water State Revolving Fund
* $88.8 million, to public transit capital projects
* $358,479, to fixed guideway modernization
The current version of the package is still being debated in the House of Representatives. It was approved Wednesday by the Appropriations Committee, the House's spending panel.
After being approved, the House's transportation and infrastructure committee ran the numbers through the federal highway funding formula to come up with the breakdown.
That transportation formula shortchanges North Carolina a bit, as the state pays more into the federal coffers in gas tax than it gets in return.
A billion dollars doesn’t begin to cover what the state says it needs. North Carolina's Department of Transportation listed 296 "ready-to-go-projects," totaling more than $5 billion, in a recent survey by a national organization of state transportation agencies.
Once the package is passed by the House, it next goes to the U.S. Senate.
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