Mainers approve 3 bonds, rejecting fear of debt

PORTLAND, Maine (AP) — Maine voters have approved three bond referendums, rejecting opponents' claims they would strap the state with too much long-term debt.

A fourth bond package bringing the total to $108 million also had a narrow lead as votes were tallied Tuesday night.

Supporters say the borrowing package would create hundreds of jobs at a time when the state is still recovering from the recession.

The approved bonds cover a variety of projects from highways to a deep-water wind-power demonstration site. They also would buy and preserve a railroad that's considered a lifeline to Aroostook County industries and complete the Ocean Gateway pier in Portland.

Overall, the four bonds would draw nearly $97 million in matching funds.

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Scott Pare's picture

bonds

Including the tax question 1, I went 0 for 5 on these five questions. I voted no on all five. Why do we keep borrowing money when the state is crippled with money problems. If I am having money trouble at home, I am not going to get another loan for a car or a house renovation. It seems pretty simple. I know the bonds are good deals, probably great deals with the federal money and the low interest rates now, but if you don't have the money, you need to stop borrowing.

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