Bondage

Governor Baldacci has proposed a $306 million bond package to invest in Maine's infrastructure and economy. The proposal is meant to complement the federal recovery package recently signed into law by President Obama.

If the legislature were to pass the package as it's currently formulated, the bonds would go to voters in two chunks - $265.8 million this November and $40.4 million on the June 2010 primary ballot.

Update: Susan Cover has some initial reaction from Republican House leader Josh Tardy:

"We are open to gaining a full understanding of the governor's proposal and will review it carefully, keeping in mind that bonds represent just one component of the action we must take to protect the jobs of Maine people and foster a climate that will create new ones. Maine state government cannot simply borrow our way to prosperity. It must be just part of a strategy that includes working to improve the business climate and relieve Maine's high tax burden and energy costs."