Maine Drinking Water and Wastewater Treatment Facilities, Question 3 (2008)

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The Maine Drinking Water and Wastewater Treatment Facilities Bond Issue, also known as Question 3, was on the November 4, 2008 ballot in Maine as a legislatively-referred bond question, where it was approved. The measure issued $3.4 million in bonds for drinking water and wastewater treatment programs.[1][2]

Election results

Maine Question 3 (2008)
ResultVotesPercentage
Approveda Yes 353,497 50.27%
No349,66249.73%

Election results via: Maine Secretary of State, Elections Division, Referendum Election Tabulations, November 4, 2008

Text of measure

The language appeared on the ballot as:[1]

ME2008Nov Question 3 SB.PNG

[3]

Summary

The following description of the intent and content of this ballot measure was provided in the Maine Citizen's Guide to the Referendum Election:

This Act would authorize the State to issue bonds in an amount not to exceed $3,400,000 to raise funds for drinking water and wastewater treatment programs, as described below. The bonds would run for a period not longer than 10 years from the date of issue and would be backed by the full faith and credit of the State.

Proceeds of the sale of these bonds in the amount of $1,700,000 would go into an existing state revolving loan fund administered by the Maine Bond Bank and distributed by the Department of Environmental Protection in the form of loans to municipalities to construct and upgrade wastewater treatment facilities. These funds would be matched by approximately $8,500,000 in federal funds (a 5:1 ratio of federal to state funds).

The remaining bond proceeds of $1,700,000 would go into the state’s safe drinking water revolving loan fund, administered by the Maine Bond Bank and the Department of Health and Human Services. Loans from this fund may be issued to eligible public water systems to design, construct or improve drinking water supplies or treatment and distribution systems, or for any actions authorized or required under the federal Safe Drinking Water Act of 1996. These funds would be matched by approximately $8,500,000 in federal funds (a 5:1 ratio of federal to state funds).

If approved, the bond authorization would take effect 30 days after the Governor’s proclamation of the vote.

A “YES” vote approves authorization of a $3,400,000 bond issue to finance the above activities.

A “NO” vote disapproves the bond issue in its entirety. [3]

Office of the Attorney General, [1]

Fiscal note

The following debt service explanation was provided in the Maine Citizen's Guide to the Referendum Election:

Total estimated life time cost is $4,241,500 representing $3,400,000 in principal and $841,500 in interest (assuming interest at 4.5% over 10 years). [3]

Office of the Treasurer, [1]

The following fiscal impact statement was provided in the Maine Citizen's Guide to the Referendum Election:

This bond issue has no significant fiscal impact other than the debt service costs identified above. [3]

—Office of Fiscal and Program Review, [1]

Treasurer's Statement

David Lemoine, Treasurer of State, issued a report to voters on the status of all bond issues currently outstanding as debt to the taxpayers. He stated that the Bond Issue under Question 3 would add $4,241,500 to the existing debt, representing $3,400,000 in principal and $841,500 in interest.[1]

Current Bond Debt of the State of Maine

Bonds Outstanding (Issued and Maturing through 2018): 

  • Highway Fund: Principal  $  96,540,000,   Interest $19,772,116, Total $116,312,116 
  • General Fund: Principal  $356,755,000,  Interest $54,234,182, Total  $410,989,182
  • Total: Principal $453,295,000,   Interest $74,006,298, Total  $527,301,298
  • Unissued Bonds Authorized by Voters:  $221,502,000 
  • Unissued Bonds Authorized by the Constitution and Laws:  $  99,000,000 
  • Total Unissued Bonds:  $320,502,000
  • Less Bond  Anticipation Notes Issued this Fiscal Year:  $(59,043,000) 
  • Total Available from  Authorized but Unissued:  $261,459,000 
  • Total Amount that must be paid in the present fiscal year for Debt already Outstanding (for FY2009):  $98,217,346.78 

Support

Supporters included:

  • Senator Philip Bartlett, D-Cumberland
  • Representative David Miramant, D-Camden
  • Maine Waste Water Control Association (MWWCA)
  • Maine Water Utilities Association
  • Governor John Baldacci

Arguments

Notable arguments made in support of the measure included:[4]

  • The $40.5 million the state has spent since 1988 from the clean water and drinking water revolving funds have leveraged $201 million in federal funds

Opposition

The measure had no organized opposition, and garnered seemingly no debate, largely overshadowed by the other two ballot measures of 2008.[4]

Path to the ballot

This measure originated in Chapter 673 of the 123rd Legislature's Second Regular Session.[1]

See also

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External links

References