VOTER APPROVAL OF DEBT LIMITS WRAPS UP PETITION DRIVE
Submits petitions 60 days early with 60% more signatures than needed
The citizens’ committee Voter Approval of Debt Limits (VADL) today submitted petitions with signatures of 7,500 Boulder residents who want the debt limit question put on the city’s November ballot.
Under the measure, the city would be required to get voter approval of a debt ceiling and payback costs before it could start issuing bonds to fund the city’s takeover of Xcel Energy’s infrastructure for a new municipal utility. The measure also requires that everyone who would be served by the municipal utility have the opportunity to vote in the debt election and limits the amount of money the city can pay to bankers who issue the utility bonds.
To qualify for the ballot, the city clerk must verify that at least 4,549 of the 7,500 signatures submitted are registered Boulder voters. The group was able to finish their petition drive almost 60 days before their 90-day deadline.
Diane Rees, one of the founders of VADL, noted: “People were pretty willing to sign a petition saying they want to know the final price of the utility before giving final approval” said Rees. “That’s a reasonable request, isn’t it?”