Special to IFN
RALEIGH — A new report from the N.C. Office of the State Auditor (OSA) shows the N.C. Department of Transportation (NCDOT) followed its budget plan for state fiscal year 2024.
In its latest audit report, OSA found that NCDOT spent $7.68 billion from July 1, 2023, through June 30, 2024 — below the planned $8.26 billion. Spending did not exceed the original forecast in any of the four expenditure categories.
“One of the worst things a government can do is large-scale overspending. We see it far too often in Washington, but it’s not completely foreign to North Carolina either. I’ll always strive to expose government waste, but I’ll also highlight fiscal responsibility,” State Auditor Dave Boliek said. “The state Department of Transportation stuck to its budget this past fiscal year, which will only help as infrastructure needs mount in Western North Carolina. I’m grateful to the audit team for putting in the hard work necessary to produce this financial assessment.”
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The full audit report can be found online HERE.