Voter Approval of Borrowing Above $1 Billion by State Entities and Electric Cooperatives Initiative | |||||||||||||
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 Yes 50-60% 60-70% | |||||||||||||
| Elections in Maine |
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On November 7, 2023, as an indirect initiated state statute, Maine Question 1, the Voter Approval of Borrowing Above $1 Billion by State Entities and Electric Cooperatives Initiative, was put to a vote. This ballot measure requires voter approval before any state agencies, municipal electric districts, electrification cooperatives, or consumer-owned transmission utilities could take on debt totaling more than $1 billion. [1] It also needs the state treasurer to provide a statement outlining the estimated cost of the increased debt to go along with the ballot question. [2] The measure was approved in a landslide victory with nearly a two-thirds approval vote.