Maine

Janet Mills wants to use $1 billion in federal infrastructure aid and higher-than-expected state revenue to fund billions in transportation improvements.

The rating agency elevated the agency's energy housing and economic recovery bonds to Aa3.

The U.S. Treasury 10-year dipped to its lowest yield since March while municipal investors poured money into new deals and secondary trading helped push benchmarks even lower.

Raymond James is senior manager for the sale, which will feature $82 million of Series B tax-exempt and $17 million of Series A federally taxable bonds.

Increased federal funding, Gov. Janet Mills’ targeting of coronavirus relief funds and the state’s relative success in fighting the pandemic have helped.

The Pine Tree State is positioned to withstand revenue uncertainties stemming from the COVID-19 pandemic thanks to healthy reserves, according to analysts.

Voters approve two borrowing measures totaling $120 million.

Janet Mills’ administration wants to add protection against potential federal Medicaid using newly projected state revenues.

The governor wants to boost state reserves and issue bonds to tackle infrastructure improvements.

Maine Gov. Janet Mills used her first State of the State address Tuesday to push a borrowing plan for land conservation rejected by the legislature last year.