Maine Transportation Improvements, Question 1 (June 2007)

From Ballotpedia
Jump to: navigation, search
Voting on Transportation
Transportation.jpg
Ballot Measures
By state
By year
Not on ballot
Maine
LawsHistory
List of measures

The Maine Transportation Improvements Bond Issue, also known as Question 1, was on the June 12, 2007 ballot in Maine as a legislatively-referred bond question, where it was approved. The measure issued $112,975,000 in bonds for improvements to transportation systems, which made the state eligible for over $260,525,000 in federal and other matching funds. The improvements were to be made to highways and bridges, airports, public transit facilities, ferry and port facilities and bicycle and pedestrian trails.[1][2]

Election results

Maine Question 1 (June 2007)
ResultVotesPercentage
Approveda Yes 83,477 71.37%
No33,48628.63%

Election results via: Maine Citizen's Guide to the Special Referendum Election, Tuesday, June 12, 2007

Text of measure

The language appeared on the ballot as:[1]

Question 1: Bond Issue

Do you favor a $112,975,000 bond issue for improvements to highways and bridges, airports, public transit facilities, ferry and port facilities including port and harbor structures and bicycle and pedestrian trails that makes the State eligible for over $260,525,000 in federal and other matching funds? [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 $112,975,000 to raise funds for a variety of transportation projects. 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 the bonds would be expended by the Department of Transportation for projects statewide in the following amounts: $100,000,000 for highway and bridge improvement projects; $3,850,000 for passenger and freight rail improvements; $3,650,000 on transit and bus facilities; $3,200,000 for public airport improvement projects; $1,775,000 for statewide small harbor improvements and the Portland International Marine Terminal; and $500,000 to support local community bicycle and pedestrian trails. Most of these projects would be matched by federal and local funds.

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

A statement of the Treasurer describing the financial considerations of this bond issue is published together with this statement.

A “YES” vote approves authorization of a $112,975,000 bond issue to finance all of the above activities.
A “NO” vote disapproves the bond issue in its entirety.

[3]

Attorney General of Maine, [1]

Fiscal note

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

Total estimated life time cost is $147,149,937.50 representing $112,975,000.00 in principal and $34,174,937.50 in interest (assuming interest at 5.5% over 10 years). [3]

Maine 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]

Path to the ballot

Question 1 and Question 2 on the June 12, 2007 ballot were both part of Chapter 39 of the Public Laws of 2007, which was approved on April 10, 2007 by the state legislature. Question 1 was described in Part A of the legislation and Question 2 was described in Part B. Parts C through F of the measure were voted upon on the November 6, 2007 ballot, and Part G was voted upon on the June 10, 2008 ballot.[1]

See also

BallotpediaAvatar bigger.png
Suggest a link

External links

References