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THE LATEST FROM NCDOT - N.C. 12 from the Marc Basnight Bridge (Oregon Inlet) to Rodanthe is still closed as N.C. Department of Transportation crews continue to clear the road of sand caused by dune breaches. Officials are estimating that they will reopen N.C. 12. on Wednesday, November 20 by 3 p.m. Please note that this is not absolute and is subject to change.  NCDOT will continue to provide updates on N.C. 12 as new information is available.  For real-time travel information, visit DriveNC.gov or follow NCDOT on social media.

Capital Improvement Plan

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Dare County’s annual budget process includes development of a five-year Capital Improvement Plan (CIP). The CIP is a plan for the financing of major projects that represent significant contributions to the County’s overall inventory of physical assets. A capital improvement project is a project of a nonrecurring nature with a cost of $50,000 or more and an estimated service life of 5 years or more.

The County’s one percent realty transfer tax is the revenue source for the Capital Reserve Special Revenue Fund. The Capital Reserve Fund is the funding source for pay-as-you-go financing and for debt service payments for debt financed projects in the CIP.