Mills To Authorize Sale Of $15 M In Senior Housing Bonds

Jan 10, 2019

Democratic Gov. Janet Mills intends to authorize the sale of $15 million in senior housing bonds that were approved by voters three years ago but held up by her predecessor, Gov. Paul LePage.

Mills speaks to reporters, Wednesday, Nov. 7, 2018, in Portland, Maine.
Credit Robert F. Bukaty / AP Photo

LePage cited financial reasons as justification for withholding the sale of the bonds, which he claimed, without evidence, would provide an inappropriate windfall to housing developers.

The proposal was originally advanced by his political foe, former House Speaker Mark Eves, and approved by nearly 70 percent of Maine voters.

A spokesperson for Mills said in a statement that the Governor intends to sign the senior housing bonds and, moving forward, work to authorize the sale of other voter-approved bonds in a timely manner.

There are roughly $264 million in bonds approved by voters, which have not yet been sold.

Originally published Jan. 9, 2018 at 5:05 p.m. ET.