Maine

Portland, Maine, received an upgrade from S&P Global Ratings as it gears up to address capital improvements.

The Maine Revenue Forecasting Committee expects the state to finish the 2017 fiscal year $34.2 million in the black.

Election Day referendums approved in in Massachusetts and Maine allowing recreational marijuana will provide new revenue streams for the two New England states.

Two large bond proposition approved in Philadelphia and Maine highlighted a busy Election Day in the Northeast region.

Maine voters are poised to approve additional borrowing for transportation projects on Election Day, according to recent polling.

Northeast issuers sold $57.4 billion of municipal bonds in the first half of 2016, a 3% increase from the first six months of 2015, according to Thomson Reuters data.

Portland, Maine's minor-league hockey team is skipping town for Springfield, Mass. just five years after voters approved a $33 million bond plan to modernize the team's home arena.

Maine corrections officials are looking at new borrowing for the nearly $150 million renovation and expansion of an aging prison, but don’t want to ask voters for the authority.

Issuers in the Northeast sold $102.9 billion of municipal bonds in 2015, almost 9% above the previous year's volume.

One day after $6.4 million in Maine’s 2010 voter-approved land conservation bonds expired, the state’s voters overwhelmingly passed referendums that authorize borrowing of $100 million for transportation and affordable senior housing projects.