Water-Sewer Bond Issue to Appear On Ballot ; Election 2008: While the Legislature Ok'd the Plan, Critics Question Taking On More Debt in Tough Times.
Portland Press Herald › July 22, 2008
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Summary
Fresh from a series of recent votes for state borrowing plans, Mainers face yet another bond issue on Nov. 4, but it's a lot smaller than the earlier packages.
The $3.4 million bond to upgrade drinking-water and sewage systems would draw $17 million in matching funds from the federal government, according to supporters.See the full content of this document
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Water-Sewer Bond Issue to Appear On Ballot ; Election 2008: While the Legislature Ok'd the Plan, Critics Question Taking On More Debt in Tough Times.
If the state repays the loan at a tax-exempt rate of 4 percent, that would add $748,000 in interest to the $3.4 million principal, said Barbara Raths, the deputy state treasurer.
The Le...See the full content of this document
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