Maine Committee Approves $150 Million Bond

The Maine legislature’s Appropriations and Financial Affairs Committee on Thursday unanimously approved $150 million in bonds.

Maine Gov. Paul LePage and Maine Democratic legislative leaders negotiated the bonds in mid-August.

The bonds include $100 million for transportation projects, $36 million for higher education facilities, and $14 million for maintenance and renovations to National Guard armories.

The legislature will reconvene on Thursday for a special session to vote on the bonds. To advance, both the Maine House and Maine Senate will have to pass the bonds with two-thirds vote. If this were to occur the bond would face voters in the form of five bond referendums in November. Majority votes would lead to the issuing of the bonds.

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Maine
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