March 4, 2009 - 03:50 pm
News Feed: Maine

GOP: We can’t “borrow our way to prosperity”

View the original

Gov. John Baldacci released his $306 million bond package today, a kind of mini state-based stimulus package that he's hoping will get quick, bipartisan support.

"Two weeks ago, President Obama signed the most significant economic recovery law in modern history," Baldacci said in a statement. "But we all know that the recovery package can't address all of Maine's needs. We must do our part to create jobs and strengthen our economy."

The bonds, which require two-thirds support from the Legislature and voter approval, would go to:

•transportation ($128 million)
•energy upgrades and building improvements at higher education institutions ($52 million)
•energy conservation and offshore wind power ($15.

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <p> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <br>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
4 + 1 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.