Governor's $175 Million Plan Would Be Maine's Largest Bonding in Decades

Piazza, Johanna
April 2003
Bond Buyer;4/4/2003, Vol. 344 Issue 31608, p3
Trade Publication
With the dilatory release of his $175 million bond package as of April 4, 2003, Maine's governor John Baldacci has proposed the highest borrowing for the state during a single legislative session in at least two decades. According to figures from Thomson Financial, the state has not issued debt of this magnitude since 1991 when it sold $166.4 million of general obligation bonds. Another $70 million is being requested for economic development in the state to funnel funds into the University of Maine system and towards research and development.


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