The Town has several options for funding the construction of new roads. They include using General Funds derived from local property taxes, a voter approved bond, Federal Highway money issued through grants administered through NCDOT and CAMPO and DOT just builds.
Majority of Funding
The vast majority of surface transportation funding in the U.S. is derived from public sources at the federal, state, and local levels. Upwards of $200 billion per year is invested in surface transportation, most of which is revenue from various taxes and fees. Taxes on motor fuel are a significant source, about one-third of surface transportation funding. Vehicle and other taxes and fees, including sales taxes and property taxes provide another 25%. Appropriations from general funds, themselves primarily supported by taxes, account for about 16%. Tolls and user charges comprise a small share of Federal Highway funding (less than 10%).