Lawmakers OK $50 Million In Bond Proposals

Updated 8 months ago

AUGUSTA, Maine (AP) — Maine’s Democratic-led Legislature has approved roughly $50 million in bond proposals that would support small businesses and water infrastructure projects.

The House and Senate approved the six bond proposals on Thursday as they wrapped up their work for the short session.

Among the approved measures is a $12 million proposal that would support financing programs that provide capital for small businesses.

Another bond would provide $10 million toward water projects, like wetland restoration and upgrades to drinking water systems and wastewater treatment facilities.

Lawmakers also backed a borrowing measure for a lab at the University of Maine Cooperative Extension and another to assist the marine economy.

The bills now head to Republican Gov. Paul LePage. If approved, voters will have the final say on the bonds, likely this November.


MENU