- Associated Press - Thursday, May 1, 2014

AUGUSTA, Maine (AP) - Maine voters will consider a $12 million bond designed to support small businesses this November.

The Democratic-led Senate voted 31-4 in favor of overturning the Republican governor’s rejection of the bill on Thursday. The House voted 118-28, surpassing the two-thirds majority support it needed.

The bond would support loan programs for small and mid-size businesses through the Finance Authority of Maine.

LePage said that the state can serve its small business community better. In his veto letter, he said that he supports providing capital for Maine businesses but believes that “borrowing money on the backs of all Maine taxpayers is not the right way to go.”

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