MaineWatch bond debate - vote for the bonds
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See what happens when you ASSume something? Thanks for the info on revenue sources.
This year's $33.1M highway bond includes $6.1M in general fund bonds. Has anyone tried to determine what our gas tax would be if we went to a pay-go system and didn't bond any highway projects?
Regarding Bob's question about raids on the highway fund, I've seen $60 plus million in 2002 and $6.5M this year. Have previous administrations raided the fund too?
Have previous administrations raided the fund too?
Yes.
Tuesday, October 25, 2005
MAINE VOICES: Rep. Susan Austin
Voters need to see whole picture on bonds
Copyright © 2005 Blethen Maine Newspapers Inc.
About the Author
Rep. Susan Austin, a Republican, represents portions of Gray, North Yarmouth and Pownal in the Legislature.
Maine voters will decide the fate of $83 million in new state bonds on Nov. 8. There's little suspense about the outcome. In recent years, voters have overwhelmingly supported any bond issue that gets on the ballot.
Should we be surprised? Not the way the ballot questions are framed, highlighting the amount of "matching" federal money the bonds will attract - a total of $240 million on November's ballot.
...How do you propose to pay for the roadwork that's needed?
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See the link below.
http://www.maine.gov/legis/ofpr/06hfrev.htm
ALmost 70% of the highway fund is from fuel taxes and about 25% is from license fees.
Money is actually taken from the highway fund and transferred to the general fund, not the other way around.