Summary
Lawmakers today are expected to begin the difficult task of sorting through dozens of requests to determine what areas most merit bond funding. A key consideration must be that the borrowing will pay a good return on the state's investment. Money for land acquisition through the Land for Maine's Future program, as past projects show, fulfills this requirement.
Gov. John Baldacci has included a $35 million bond for LMF in his nearly $400 million package. In addition to the LMF money, the governor has proposed $5 million bonds for both working waterfront preservation and riverfront revitalization and a $10 million measure for work at state parks and historic sites. Although much more could be used and has been recommended by lawmakers, mostly Democrats, these are reasonable, even generous numbers given competing needs, such as the large backlog of road and bridge projects and the state's continued shortfall in research and development funding.See the full content of this document
Extract
Buy Land, by Waterfront
Taken together, these bonds would help the state protect its "quality of place" as recommended by the Brooking...
See the full content of this document
Sponsored links
