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Maine: David Lemoine

March 4, 2009 - 02:01 pm
NEWS FEED: Bangor Daily News

Maine governor seeks $306M in borrowing

By The Associated Press

AUGUSTA, Maine — Gov. John Baldacci is proposing a $306 million state borrowing package that would be submitted to voters in two elections.

The governor scheduled a news conference Wednesday to unveil his proposal.

The bulk of the new borrowing Baldacci envisions — about $266 million — would be put out for referendum in November of this year. A smaller piece — about $40 million — would go to voters in June 2010.

The governor, however, won’t have the final word on new borrowing.

Legislative committee hearings get under way next week on a variety of bonding plans from various sponsors.

At the end of 2008, the state of Maine’s actual and authorized tax-supported debt totaled nearly $920.7 million, according to State Treasurer David Lemoine.

Read More at Bangor Daily News >
There have been 20 comments posted in response to this story.

Wed, 12/03/2008 - 18:35

Video: Lemoine elected state treasurer

By Jessica Alaimo, PolitickerME.com Reporter

David Lemoine was re-elected as state treasurer Wednesday. See a video of his speech below.

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There have been 33 comments posted in response to this story.
Wed, 12/03/2008 - 15:15

GOP to forego constitutional officer nominations

By Jessica Alaimo, PolitickerME.com Reporter

State House and Senate Republicans will forego their practice of nominating a slate of constitutional officers.

In a floor speech, Senate minority leader Kevin Raye (R-Perry), said he wanted to set a tone of mutual respect in both chambers. “We must seek consensus wherever possible, and we must make every effort to do what the people of Maine sent us here to do.”

Raye said that the Democrats have a clear majority for their constitutional officer candidates to prevail.

There have been 32 comments posted in response to this story.
Tue, 12/02/2008 - 14:51

Lemoine nominated for another term as state treasurer

By Jessica Alaimo, PolitickerME.com Reporter

David Lemoine has been nominated by a joint House and Senate Democratic caucus for another term as state treasurer.

 

Lemoine was endorsed by Rep. Emily Cain (D-Orono), a member of the Appropriations Committee, who spoke of an incident last summer when the state reportedly lost $20 million dollars from an investment gone bad. Lemoine was blamed in the media for the bad investment and when he appeared before Cain’s committee many expected a “public hanging.”

 

There have been 30 comments posted in response to this story.
Fri, 08/29/2008 - 08:26

This week's PolitickerME.com Winners & Losers

By Wally Edge

[img_assist|nid=1996|title=|desc=|link=none|url=undefined|align=none|width=420|height=107]It was quite a week for Democrats in Denver and it would appear that our State Treasurer has recovered 20 million dollars that was all but written off earlier in the year.  And a local developer is discussing the purchase of the Biddeford’s downtown trash plant (MERC). See all of this week's Winners & Losers. | CLICK HERE

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Wed, 11/28/2007 - 16:16

GOP leaders demand answers over lost money

By Jessica Alaimo, PolitickerME.com Reporter

State Senate Republicans are demanding answers as to how the state lost nearly $20 million with an investment gone bad. They are asking State Treasurer David Lemoine to appear before the Legislative Council as soon as possible.

However, Democratic leaders have said that it is unnecessary for him to appear before the council, and the matter will be handled within the Appropriations Committee Dec. 12 and 13.

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There have been 31 comments posted in response to this story.