WATERVILLE, Maine (AP) — Not a penny of the $100 million Colby College plans to spend on programs and capital improvements, including a new sports complex and performing arts venue, will have to come out of its endowment. Interest rates are so low the school plans to issue bonds to supplement private donations for its […]
bonds
Posted inLewiston-Auburn, Maine, sj-web
New treasurer Hayes wants more transparency on bonds
AUGUSTA (AP) — Maine’s treasurer-elect wants more transparency in how the state and organizations are spending bond money approved by voters by building an online tool that will make the information readily available to the public and policymakers. Terry Hayes, an independent from Buckfield who ousted the Democratic treasurer this week, said voters have a […]
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Posted inMaine, sj-web
Question 6: Should Maine borrow $10 million for clean water, upgraded culverts?
BANGOR — Floodwaters swept away Maine roads and damaged homes across the state during severe storms this year. Future damage could be prevented with investment in culverts and stream crossings, say backers of a bond that would fund infrastructure improvements across the state. Question 6 on the Nov. 4 ballot will ask “Do you favor […]
Posted inMaine, sj-web
Bond Question 2: UMaine Coop Extension wants to expand testing capabilities
ORONO — Just weeks after she joined the University of Maine’s Cooperative Extension as director of the animal health laboratory in 2008, Anne Lichtenwalner got a call from a cattle farmer. The man on the phone was frantic. His animals were getting sick and dying, and he needed help. He said he had a cow […]
Posted inMaine
Booze battle
Competitive pricing, liquor contracts target revenue lost to New Hampshire. But, is it enough? LEWISTON — A state effort to recapture revenue Maine loses in alcohol sales to New Hampshire by lowering prices is underway, but some state officials and others worry the effort isn’t being implemented as aggressively as first intended. And that Maine […]
Posted inLewiston-Auburn, Maine
Governor won’t budge on bond program that saved nonprofits money
AUGUSTA — MaineGeneral Medical Center wanted to build a 192-bed hospital in Augusta. The large, state-of-the-art building would replace three smaller, older facilities in Augusta and Waterville. Hospital officials believed the new place would be more efficient and safer for patients. But they needed $280 million to make it happen. For the past two […]
Posted inMaine, sj-web
Rating agency upgrades the outlook on Maine debt to stable
PORTLAND — The credit rating agency Moody’s Investors Service has upgraded its outlook on Maine bonds to stable just before the expected sale of $115 million in state debt. Moody’s said in a statement Wednesday it expects the general obligation bonds will be sold June 12, and the sale amount may change. The credit rating […]
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Dow dips to worst day in 5 weeks; bond prices jump
NEW YORK — Investors retreated from stocks Thursday, leading the Dow Jones industrial average to its worst day in five weeks, after disappointing earnings from Wal-Mart and mixed news about the global economy. Financial markets reflected broader investor jitters: government bonds rose, small-company stocks continued to plunge, and safe, slower-growth industries fared the best. The […]
Posted inMaine, sj-web
LePage signs $13 million bond proposals to fund medical research
AUGUSTA — Maine Gov. Paul LePage has signed two bond proposals for medical research, sending the measures to voters this November. The $13 million in bonds approved by the governor is part of a $50 million borrowing package lawmakers passed as they wrapped up the session earlier this month. On Monday, LePage signed a $10 […]
Posted inMaine, sj-web
$50 million bond package goes to LePage
AUGUSTA — A package of six bond bills totaling $50 million sailed through the Legislature on Thursday night en route to consideration by Gov. Paul LePage and voters on the November statewide ballot. The build-up to the end of the legislative session in recent days has focused on Republicans and Democrats reaching consensus on an […]