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March 2, 2010

$99M Maine bond package proposed

The Associated Press

AUGUSTA  — Maine's two Democratic legislative leaders are proposing a $99 million jobs bond package that includes money for highways, rails and other projects.

Senate President Elizabeth Mitchell of Vassalboro and House Speaker Hannah Pingree of North Haven announced the long-term borrowing proposal today. Gov. John Baldacci plans to announce his bond proposal next week.

About half of the package announced today would go to highway reconstruction. It reserves $20 million for the purchase of rail lines in northern Maine that are abandoned. The rest goes to school energy conservation and clean water projects.

The conservative Maine Heritage Policy Center said Maine's current public debt already burdens Maine households.
 

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