Baldacci eyes substantial borrowing
Wednesday,April2,2003,11:04 AM
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AUGUSTA (AP) -- Gov. John Baldacci, after advancing and winning passage of a belt-tightening biennial budget, is eyeing a significant expansion of state borrowing.Besides a $75-million transportation bond and a $70-million borrowing for a variety of economic development initiatives, Baldacci also has on the table nearly $17 million worth of environmental projects to be financed over the long term. In addition, voters could be asked to authorize a borrowing of more than $13 million for higher education facilities, state parks, the state courts and what are described as cultural improvements. All told, the governor's bond package could exceed $175 million. Baldacci's proposals are expected to be presented to the Legislature's Appropriations Committee next week.
Baldacci eyes substantial borrowing
Wednesday,April2,2003,11:04 AM
Email to a Friend
Printer Friendly Version
AUGUSTA (AP) -- Gov. John Baldacci, after advancing and winning passage of a belt-tightening biennial budget, is eyeing a significant expansion of state borrowing.Besides a $75-million transportation bond and a $70-million borrowing for a variety of economic development initiatives, Baldacci also has on the table nearly $17 million worth of environmental projects to be financed over the long term. In addition, voters could be asked to authorize a borrowing of more than $13 million for higher education facilities, state parks, the state courts and what are described as cultural improvements. All told, the governor's bond package could exceed $175 million. Baldacci's proposals are expected to be presented to the Legislature's Appropriations Committee next week.