No Bond Issues Without LePage Say So

Wed, 06/13/2012 - 10:35am
Posted by thistle

AUGUSTA, Maine — LePage refuses to sell bonds, even those already approved by voters, until 2014
6/12/12
By Matthew Stone, BDN Staff

AUGUSTA, Maine — In a letter [LePage] tells [State] agencies...they shouldn’t budget for bond revenue “without clear approval from me.”

“It is our duty...to ensure each taxpayer dollar is spent appropriately to earn the highest return at...lowest cost...,”

The decision...affects about $40M in bonds...voters...approved...but...the state treasurer’s office has not yet sold at market.

The state has five years to sell bonds from the date voters sign off on them.