The N.C. Department of Transportation has begun distributing $132.7 million in street aid to municipalities. Also known as Powell Bill funds, 508 municipalities will receive funding. Half of the allocation went out last week. The other half will be paid by Jan. 1.
The Powell Bill statute requires municipalities to use the money primarily for street resurfacing, but it can also be used for the construction and maintenance of roads, bridges, drainage systems, sidewalks and greenways.
“Powell Bill funding helps local governments improve transportation systems within their communities,” said state Transportation Secretary Eric Boyette.
The amount each city receives is determined from an established formula, with 75% of the funds based on population, and 25 percent based on the mileage of locally maintained streets. Charlotte receives $13.7 million based on its population of 863,985. Fayetteville is receiving $4.9 million.