Opinion: An election to be remembered
Congratulations to Mary Young, Matt Appelbaum, Sam
Weaver, Andrew Shoemaker and Macon Cowles for their election to the Boulder
City Council. Mary, Sam and Andrew, the three new members, all have served on
the city planning board, so have a good start on the steep learning curve that
occurs when new council members are faced with the myriad of issues that
council deals with.
Thanks to all the citizens who worked hard to support
and oppose the various ballot issues. Participation is what makes democracy
work, and the high level of involvement by Boulder citizens is what will keep
Boulder such a great place.
I especially appreciate the people at New Era Colorado,
who did such a spectacular job of involving younger voters in the No on 310
campaign. For the older folks like me, it is heartening to see this level of
engagement. It makes me hopeful that there will be people around to keep
Boulder’s activist politics alive and well.
The defeat of Ballot Question 310 by more than a 2 to 1
margin was a singular event. The citizen coalition, Empower Our Future, that
opposed 310 was once again outspent, and massively so considering all of Xcel’s
pre-campaign polling and its advertising that was not directly targeting this
issue and thus was not reported as campaign expenditures. 310’s defeat will
allow Boulder to continue on the path toward creating a clean energy utility,
rather than being stuck with Xcel’s coal plants and ever-increasing rates.
The comments in Wednesday’s paper by the 310 proponents
that this was a “partial victory” sounded like they were trying to extract a
very small drop of lemonade from a very bitter lemon. It’s true that Ballot
Question 2E imposes a debt limit on the cost of purchasing the distribution
system from Xcel. But many people voted for 2E as an insurance policy against
310; if 310 passed, but 2E got more votes, then according to its language, 2E
would have superseded 310.
The probability is extremely remote that Xcel will be
awarded anything close to the $214 million debt limit under 2E for its
distribution system. Let’s remember that Xcel is not a normal business — it
doesn’t make profit like a normal company in a competitive market. When it
wants to build something, it uses funds from its shareholders and bondholders
to pay for construction. Then it collects money from the ratepayers to pay this
money back over time, plus dividends and interest to compensate those investors
during the interim. Once all this money is paid back, the ratepayers pay
nothing to the stockholders and bondholders, and only pay for operations and
expenses. So all Boulder should ever owe Xcel is the equity and debt that
hasn’t yet been paid back to these investors. There is no other profit to be
made, so there is no business “going concern” value to be compensated for. And
if there is deferred maintenance, it should be Xcel’s job to bring the system
up to date before Boulder takes over, or else that cost should be deducted from
the price.
I feel quite positive about the new council members. I
don’t know Andrew very well, but Mary and Sam are strong people who want to get
things gone. So I expect to see more focus on the big issues that have been
avoided in recent years, like dealing with growth and its impacts on our
transportation system. The passage of 2B and 2D have provided funding for an
expanded level of transportation maintenance, but without addressing the need
for user fees and development impact fees, we will end up with unacceptable
levels of traffic congestion. The council cannot let the 2B/2D short-term
financial fix tranquilize them so that they fail to take further action.
Here are a few suggestions that may help the new
council’s meetings get started in the right direction: Keep comments and
questions brief and to the point, and hold others to this standard; nothing
kills a good discussion faster than someone droning on. The agenda committee
needs to ensure that items are ready for as vote; no more word-smithing at
council meetings. Limit the goals set at the retreat to critical items that
gain majority agreement. Open up communication with staff, and give both
compliments and critiques at the meetings; it’s always better to openly
acknowledge mistakes so citizens know that course corrections are being made.