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Maine Question 2, Bond Issue to Fund Transportation Improvement Measure (2005)

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Maine Question 2

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Election date

November 8, 2005

Topic
Bond issues and Transportation
Status

ApprovedApproved

Type
Bond issue 		Origin

State legislature


Maine Question 2 was on the ballot as a bond issue in Maine on November 8, 2005. It was approved.

A "yes" vote supported issuing $33.1 million in bonds to fund transportation projects, including: 

  • highway and bridge improvements; 
  • state-owned ferries and ports; 
  • the Gulf of Maine Research Institute;
  • the pier at Fort Preble;
  • airport projects;
  • transit and bus facilities; and
  • community bicycle and pedestrian trails.

A "no" vote opposed issuing $33.1 million in bonds to fund transportation projects.


Election results

Maine Question 2

Result Votes Percentage

Approved Yes

270,486 67.48%
No 130,352 32.52%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Question 2 was as follows:

“

Do you favor a $33,100,000 bond issue for improvements to highways and bridges; airports; public transit improvements; state-owned ferry vessels and ferry and port facilities including port and harbor structures; and statewide bicycle trail and pedestrian improvements that makes the State eligible for over $158,000,000 in matching funds? 

”

Full Text

The full text of this measure is available here.


Fiscal note

The estimated total lifetime cost of the bonds was $42,930,700, with $33,100,000 in principal and $9,830,700 in interest, assuming 5.4 percent over 10 years.[1][2] The following is the state treasurer's statement that accompanied the Maine Citizen's Guide to the Referendum Election outlining the current bonded debt of the state as of June 30, 2005.

“
ME2005Nov Ballot Treasurer Statement.PNG

[3]

”
—David Lemoine, Treasurer of State

[1]

Path to the ballot

In Maine, voter approval is required for state bond issues that exceed $2 million, with exceptions to bonds for the purpose of suppressing insurrection, repelling invasion, or for purposes of war, as well as for temporary loans paid out of money raised by taxation during the fiscal year which they are made, or for loans to be paid within 12 months with federal transportation funds.

A two thirds majority (66.67%) vote is required during one legislative session for the Maine State Legislature to place a bond issue on the ballot. That amounts to a minimum of 101 votes in the Maine House of Representatives and 24 votes in the Maine State Senate, assuming no vacancies. State bond issues require the governor's signature to be referred to the ballot.

See also

2005 Measures

Maine

News and analysis


External links

Footnotes

  1. ↑ 1.0 1.1 Maine Secretary of State, Division of Elections, "Maine Citizen's Guide to the Referendum Election, Tuesday, November 8, 2005," accessed May 7, 2014
  2. ↑ Maine Secretary of State, Elections Division, "Referendum Election Tabulations, November 8, 2005," accessed May 7, 2014
  3. ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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