Treasurer Poliquin Assails High Costs of Borrowing

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Dear Friend,  

Click here to read today's Bloomberg News article citing Treasurer Poliquin's efforts to save taxpayer dollars by borrowing money cheaply.  "Maine Quashes Wall Street Negotiated Debt Deals Declaring No Free Lunches" traces Treasurer Poliquin's journey to reduce the cost of borrowing for Maine citizens.

The seven quasi-independent Maine Authorities, including the Maine Municipal Bond Bank, referenced in the article, were created by the Legislature to provide specific public services to Maine citizens.  Today, there is approximately $5.5 billion of outstanding bonds that have been sold to investors by the Authorities.  This $5.5 billion of borrowed money is used to fund the Authority programs. 

For related information and media, visit www.maine.gov/treasurer/outreach.