May 28, 2020
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LePage: Bond for elderly housing ‘going to hurt our credit rating’

Daryn Slover | Sun Journal
Daryn Slover | Sun Journal
Gov. Paul LePage

AUGUSTA, Maine — Gov. Paul LePage said voters got it right when they approved $85 million in bonds for transportation projects across the state, but they made a mistake in approving $15 million in bonds for senior housing.

“Well, I think it’s going to hurt our credit rating, that’s the problem,” LePage said. “Housing bonds, the people who buy housing bonds and people who buy general obligation bonds are usually different people, they are a different market.”

The governor did not say whether he would sign off on the sale of the bonds, and that concerns House Speaker Mark Eves, a Democrat from North Berwick who sponsored the bond. He said the voters believe the bonds are needed, so the governor should follow the will of the voters.

The bond passed by nearly 2-to-1.

“For the governor to suggest that the voters made a mistake last night really is a slap in the face of those Mainers that did vote to support Maine seniors,” Eves said. “The governor needs to release these bonds.”

This article appears through a media partnership with Maine Public Broadcasting Network.

 


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