More Bonds? No Way, Not Now.

Sam Adolphsen
Sam Adolphsen 0 Comments
260 Signatures Goal: 500

We, the undersigned citizens and taxpayers of Maine, call on elected officials to reject new proposals that would add to Maine's existing $14,200,000,000 public debt. Our current debt totals more than $27,000 per Maine household. Enough is enough.

Some sources of Maine's current debt:

  • $4,200,000,000 - Moral Obligation Bonds
  • $3,995,000,000 - Unfunded Liability for the Maine State Retirement System
  • $507,690,000 - General Obligation Bonds
  • $183,040,000 - Transcap (debt to be paid by future state revenue)
  • $75,550,000 - GARVEE (debt to be paid by future federal transportation funds)
  • $35,260,000 - Capital Leases
  • $14,530,000 - Bond Anticipation Notes
*Source: Maine Office of the Treasurer

Adding to this public debt with additional bonds jeopardizes the economic security of future generations of Mainers. We cannot afford new bonds that will bury Maine people under an increasing mountain of debt.

At a time when Maine families and small businesses are struggling to stay afloat, "No More Debt" should be the principle of the Maine Legislature.

Sponsor

The Maine Heritage Policy Center

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260

Signatures

  • 7 years ago
    Louanne Pinkham United States
    7 years ago
  • 7 years ago
    Donald Law United States
    7 years ago
  • 7 years ago
    Jennifer Walton United States
    7 years ago
  • 7 years ago
    Jayne E. Harper United States
    7 years ago
  • 7 years ago
    Sarah Bragdon United States
    7 years ago
  • 7 years ago
    Terry J. Devlin United States
    7 years ago
  • 7 years ago
    scott morrissette United States
    7 years ago
  • 7 years ago
    Gerald Heath United States
    7 years ago
  • 7 years ago
    Paul Trommer United States
    7 years ago
  • 7 years ago
    Heather Albert United States
    7 years ago
  • 7 years ago
    Curtis Lawrence United States
    7 years ago
  • 7 years ago
    gregory moyes United States
    7 years ago
  • 7 years ago
    Tim Nevins United States
    7 years ago
  • 7 years ago
    Joseph Shaw United States
    7 years ago
  • 7 years ago
    simmie butts United States
    7 years ago
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