Ballot Measure 2M and the Boulder City Council processes
A relatively innocuous-appearing measure appeared on this year’s ballot, Measure 2M, “Debt Limit City Charter Language Change.” It asks: “Shall Section 97 of the Boulder Home Rule Charter be amended pursuant to Ordinance 8762 to modify the City’s debt limitation to be not more than three percent (3%) of the actual value of the taxable property within the City?” When I first read this, I had no clue what its significance would be. Did this just change how the debt limitation is calculated, or did it make a real difference in how much debt the city could take on? And was it addressing all debt, or just some? For example, does it deal with debt taken on by the water utility, or just the areas funded by the General Fund and paid for by our sales taxes, or what? The title was vague in the extreme. I even submitted an Open Records request for some dollar numbers, but got back nothing useful. So, I searched on the internet. I found that this measure would seemingly increase the basis to c...