Maine

Maine's tax collection season was better than expected, bucking expectations at the threat of looming recession, a state committee told lawmakers.

The move by a Senate committee would pass a baseline budget and put off actions on some of Gov. Janet Mills' new spending proposals.

Maine voters are likely to face measures for a public power takeover of investor-owned utilities, and a debt measure designed to complicate that plan.

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.

Members of a bipartisan panel appear to agree in principle on a long-term proposal to narrow the state's annual highway funding gap by using more state revenue, adding taxes and fees and lowering annual bonding for transportation.

Fitch Ratings upgraded the private institution in Biddeford, Maine, to A-plus from A-minus.

Only a transportation bond measure survived to reach voters after the legislature's GOP minorities blocked three other borrowing proposals.

Janet Mills offered a slimmed-down compromise bond package in an effort to get borrowing proposals on the November ballot.

The Massachusetts Municipal Wholesale Electric Co. sold its ownership interests in W.F. Wyman Station Unit 4, citing the need for a different power supply mix.

Maine avoided political infighting and adopted its $7.98 billion two-year budget well before deadline.

Maine will test the municipal bond market for the first time under Janet Mills, who reversed her predecessor's animosity toward bonds.