The short session of the Maine Legislature has adjourned. It has been a very busy four months. I am looking forward to slowing the pace of my life down just a little bit!
I hope you had an enjoyable Easter. Next week is school vacation. I know my kids are really looking forward to it! I am sure yours are too!
The weather has been great. My lawn is raked and I am ready to get outside and have some fun before campaign season in the late summer and fall.
Enjoy the nice spring weather!
Only One Week Left for Maine Clean Elections Contributions! Can You Help?
I am running as a Maine Clean Elections candidate. To do this, I must collect sixty 5.00 donations by April 21st.
Each 5.00 contribution goes a long way to ensure that I have the campaign materials I need this upcoming fall.
Can you help? If you can, please visit the website below to contribute or give me a call and I can stop by and pick up a personal check….
https://www5.informe.org/cgi-bin/online/ethics/cleanelection/home.pl
Thank you so much for your support!
Bond Package to Help Keep and Create Jobs for Maine is Passed on April 12th
On April 12th, the last day of the Legislature’s short session, we passed a bond package.
In total the package will result in the protection and creation of nearly 3,000 jobs. Additionally, we will likely see a multiplier effect of jobs and growth around key provisions such as the Portland ship berth, the dental school and the wind energy fund. These are investments that will help secure our economy for the future.
The bond package is financially responsible. Maine has a conservative bonding record, strong credit, and track record of quickly repaying debt. Opponents say this bond package is mortgaging our childrens future and that we keep piling debt on top of debt. In reality, Maine has a low debt burden and pays its debts quickly.
- According to Standard and Poor’s, Maine has a …”Favorable debt position with a low debt burden and rapid amortization of debt outstanding.”
- The state has a “AA” bond rating from Standard and Poor’s, which is defined as “very strong capacity to meet financial commitments.”
- According to Standard and Poor’s, Maine has the lowest debt levels in all of New England, with 1 percent personal income accounting for our tax supported debt.
- According to Moody’s, Maine ranks 33rd in terms of debt per capita.
- Maine is also 28th among states when you consider debt as a percentage of personal income.
- In this biennium Maine will payoff $168.1M in debt.
- Even considering that $78M in already authorized debt will be issued, this $85M package allows us to retire $5.1M more debt than we issue.
- Under even the most aggressive draw schedule (when we borrow and spend bonds) debt service is less than 5 percent of total General Fund, Highway Fund and Revenue Sharing revenues
- Maine’s total debt for General Obligation Bonds is $507.7M. Debt service for this package is $2.1M
The current package gives careful analysis to how the entire state can succeed and what ideas will appeal to the majority of voters who will ultimately decide its fate in June.
Pastor Chet and His Son Visit the Capital
On Thursday, April 1st, Pastor Chet Garrison and his son were my guests at the Capital.
Pastor Chet did the morning prayer at the start of our daily session and was the House Chaplain for the day. His son sang the National Anthem for us all.
They both did a wonderful job and I was very honored to have them as my guests!