November 9, 2016
Maine voters approve $100M transportation bond
It was smooth sailing for the passing of a $100 million bond that will be used to finance transportation-related construction projects throughout the state of Maine.
Maine Public reported that in addition to funding the construction projects, the bond will also pay for facilities, equipment and property acquisitions related to ports, harbors, freight and passenger railways.
According to Maine Public, the $100 million bond will be matched with $137 million in federal funds, with the Bangor Daily News reporting that it will cost taxpayers $33 million in interest over the next decade.
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