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Tag: bonds

Maine Lawmakers OK Budget Fix and Rainy Day Fund Bill

| March 21, 2014

AUGUSTA, Maine (AP) – Maine lawmakers are sending a bill to fix a shortfall in the state budget and replenish the rainy day fund to Republican Gov. Paul LePage. The House voted 121-6 in favor of the bill addressing a $40 million shortfall this fiscal year and part of next year’s budget gap. The Senate […]

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Appropriations Committee OKs LePage Rainy Day Fund Bill

| March 19, 2014

  AUGUSTA, Maine (AP) – Maine’s budget panel has endorsed Gov. Paul LePage’s original proposal return $21 million to the state’s rainy day fund, which was tapped to fund revenue sharing. The Appropriations Committee unanimously approved the governor’s measure early Wednesday, in addition to a spending plan to fill a budget hole this fiscal year. […]

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Democrats and LePage Still at Odds Over Bonds

| March 17, 2014

AUGUSTA, Maine (AP) – There’s no end in sight in the battle between Democratic lawmakers and LePage over millions of dollars in bonds the governor is refusing to sign off on. Democratic leaders called on LePage Monday to immediately release the bonds now that the Appropriations Committee has approved his bill to replenish the rainy […]

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LePage Wants Leftover Money to Go to Rainy Day Fund

| March 7, 2014

AUGUSTA, Maine (AP) – Maine Gov. Paul LePage wants to use leftover money for Maine schools and savings in the retiree health insurance program to put $21 million back into the state’s rainy day fund, which is being used to fund revenue sharing. The proposal LePage officials laid out on Friday would take $11.4 million […]

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LePage and Treasurer Battling Over Bonds

| February 21, 2014

AUGUSTA, Maine (AP) – Maine Gov. Paul LePage and the state treasurer are battling over the governor’s decision to withhold bonds. State Treasurer Neria Douglass said the governor’s administration signed a financial order in July authorizing $69.7 million in funding for projects that would be paid back with future bond sales. But in an email […]

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