Understanding Maine Municipal Bond Bank

The Maine Municipal Bond Bank is a public financing entity that helps local governments in Maine access lower-cost borrowing options. It was established in 1993 by the Maine Legislature.

The bank's primary goal is to provide financing for local infrastructure projects, such as roads, bridges, and water treatment facilities. This helps to support economic development and improve the quality of life for Maine residents.

The bank's services are available to all municipalities in Maine, from small towns to larger cities. It provides a range of financing options, including bond issuance and loan programs.

The Maine Municipal Bond Bank is a notable issuer of municipal bonds in the state of Maine. It funds infrastructure across the state.

Maine has issued around $9 billion of municipal bonds, putting it in the bottom 10 states. This is a significant amount, but it's worth noting that the state has a relatively small population.

The Maine Municipal Bond Bank is a key player in financing infrastructure projects in Maine. It's a vital part of the state's economic development.

There are 16 counties in Maine, and voters typically must approve county and school district bond issuance. This ensures that local communities have a say in how their tax dollars are spent.

The state of Maine also issues general obligation bonds to fund its operations. This is in addition to the municipal bonds issued by local governments and entities.

Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident.