UPDATED: Maine voters OK $50M in bonds
Maine voters on Tuesday approved six state bonds that are expected to benefit small businesses, the agriculture and marine industries, as well as cancer and disease research.
The Bangor Daily News reported that the six bonds amount to $50 million in state borrowing. They would support the following:
• $8 million to construct a new laboratory at the University of Maine Cooperative Extension for research on diagnosing plant and animal diseases;
• $4 million for the Finance Authority of Maine's loan insurance program and $8 million for a revolving loan program supporting small businesses;
• $10 million to match an additional $11 million raised by The Jackson Laboratory for the construction of a new disease and cancer research center;
• $3 million to match an additional $5.7 million in private and public funds for the Mount Desert Island Biological Laboratory to construct a new laboratory and training center;
• $10 million to improve stream crossings and culverts, along with upgrading drinking water and wastewater treatment facilities;
• $7 million to match an additional $7 million in private funds for research and development that would boost Maine's marine industries;
The bonds still require final approval by Gov. Paul LePage, who has shown resistance to approving bonds in the past, according to the BDN. LePage was re-elected on Tuesday.
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