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Politics

Contractors Worry As LePage Holds Bonds, Lambasts Lawmakers

Originally published June 25 11:21 a.m.

AUGUSTA, Maine - Republican Gov. Paul LePage says he's holding up bonds because he wants more time to review Maine's current bond offering following "excessive legislative spending.''
 
Contractors say he's causing uncertainty in the height of Maine's construction season.
 
The governor says state government will use existing resources to fund infrastructure projects.
 
Associated General Contractors of Maine CEO Matt Marks says LePage Friday didn't sign paperwork needed to sell bonds this week.
 
LePage blamed independent state Treasurer and gubernatorial candidate Terry Hayes for not rescheduling the bond closing.
 
Hayes said the governor Thursday asked Hayes to delay the bond offerings until the Legislature finished its work. But Hayes said she could only give LePage an extra 24 hours to formally sign the bonds.
 
Lawmakers returned Monday for bonds, tax code reform and funds for publicly financed candidates. Lawmakers could tap into $141 million in unappropriated surplus funds.
 
The Legislature last week passed over $100 million in spending including voter-approved Medicaid expansion.

Updated June 26 2:41 p.m.