Maine

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

Maine Democratic leaders and Republican Gov. Paul LePage have agreed to issue $150 million in new bonds.

Maine's general fund finished fiscal year 2013 with a roughly 2% surplus.

Issuers in the Northeast sold almost $44.3 billion of municipal bonds in the first half of 2013, according to Thomson Reuters data, down more than 25% from the same period a year earlier.

After agreeing in June to go forward with two bonds, Maine Democrats and Republicans have been arguing over other possible bonds.

Fitch Ratings downgraded the rating of Maine Municipal Bond Bank's transportation infrastructure revenue bonds, TransCap program, to AA-minus from AA.

Maine state government's decision to cut revenue sharing is a credit negative for the state's localities, Moody's Investors Service said.

The Maine Senate and House of Representatives enacted a two-year budget on Wednesday thereby overriding Maine Gov. Paul LePage's veto.

Maine's governor signed a bill that will trigger the sale of at least $290 million in bonds and provide the state's hospitals with $484 million that they are owed.

Maine's sales of hundreds of millions of dollars of bonds have been delayed while the Republican governor and Democrat-controlled legislature debate how to raise $484 million owed to the state's hospitals.

On April 8 mayors from Bangor and several other major Maine cities gathered in Augusta to propose an $85 million bond.

A Maine legislative study of ways to pay off the state's $484 million debt to Maine's hospitals shows that a bond sale would generate the most money.

State lawmakers in Maine are feuding with the governor over bond issuance in a standoff that will impact the fate of Maine's hospitals, its infrastructure, and its alcohol consumers.

Moody's Investors Service has downgraded Portland Airport Enterprise's general airport revenue bonds to Baa1 from A3.

After falling less than the national bond market in 2011, the Northeast bounced back less than that market in 2012.

Democratic Representative Ann Peoples has introduced a bill for a $100 million general obligation bond in the Maine House of Representatives.

Fitch Ratings downgraded Maine's general obligation bonds to AA from AA-plus Tuesday evening.

Maine Gov. Paul LePage announced his support Tuesday for the sale of $391 million in bonds but state treasurer Neeria Douglass voiced skepticism.

Maine’s treasurer and governor are disagreeing about the sale of $64 million in bonds.

The Maine Municipal Bond Bank is expected to sell $43 million of double A-rated refunding bonds on Tuesday for an expected net present value savings of 8.2%.