Town of Yountville Aggregate Bond Limit, Measure M (November 2008)
Measure M prevents the town council from issuing bonds totaling more than $2 million in aggregate (added together) without the approval of the town's voters.
- These final, certified, election results are from the Napa County elections office.
The question on the ballot:
|Measure M: "If enacted, this ballot measure would prevent the Town Council’s issuance of revenue bonds in an outstanding aggregate amount greater than $2,000,000 without the approval of a majority of the Town voters. It would also limit the Town Council’s ability to issue revenue bonds without voter approval to cases where the Council issues them, by unanimous vote, in any amount, for buildings fixture or equipment deemed necessary to comply with an order of a state or federal authority, or where Council issues them, by majority vote, in response to a state of emergency. The measure states that all revenue bonds must be issued and sold in accordance with state or other laws."|
Path to the ballot
Measure M was a citizen-initiated measure.
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