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Executive Summary
By Jim Johnson, Land For Tomorrow
On the important
question for Land for Tomorrow, “Can North Carolina afford a $1 billion Land and Water bond?,” the
answer is simply, yes.
Over many years with
the General Assembly’s fiscal staff, I have spent considerable time analyzing
the various models used to simulate the impact of the issuance of bonds on the
State’s budget. After examining these models in relation to the Land for
Tomorrow’s proposal, my conclusions as to why this is both prudent and
affordable can be summarized by the following:
If the voters approve $1 billion for Land for
Tomorrow, $1 billion in Clean Water bonds, and the General Assembly votes to
use of certificates of participation for certain time sensitive projects in the
areas of mental health, public health, and corrections, the State will still
have less debt at the end of ten years than it has today.
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