May 23, 2018
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Maine to defer some school bonding

The Associated Press

AUGUSTA, Maine — The Maine Department of Education, fearing reduced revenues during the coming budget cycle, plans to delay issuing bonds to finance 12 pending school construction projects.

District superintendents and state department officials said Monday it is too early to know how drastically such a funding delay would affect building schedules for new facilities.

Department spokesman David Connerty-Marin said the state would be free to devote $9 million more in funding during the upcoming budget cycle to educational programming rather than construction financing.

The state awarded nearly $873 million in general-purpose aid to local school districts during fiscal 2007, according to Department of Education figures.

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