TITLE

Maine Voters OK $60M of GOs for Research, Housing

AUTHOR(S)
Piazza, Johanna
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/12/2003, Vol. 344 Issue 31655, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Maine voters on June 10, 2003 approved a $60 million general obligation bond referendum for university and biomedical research, affordable housing and technological research and development. The state will begin financing the projects by issuing bond anticipation notes in October 2003. Maine is also poised to pass the second part of its $5.2 billion biennial budget on June 12. The supplemental budget will include a budget stabilization mechanism that will limit the growth of state government in subsequent years and will increase the rainy-day fund to 10 percent of the state's revenues from the year leading up to budget adoption.
ACCESSION #
10069702

 

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