Yountville Aggregate bond limit, Measure M, 2008
From Ballotpedia
A Yountville Aggregate Bond Limit, Measure M ballot question appeared on the November 4, 2008 ballot in Napa County, California for voters in the City of Yountville. where it was approved.
Measure M was a citizen-initiated measure. The goal of its supporters was to prevent the town council from issuing bonds totalling more than $2 million in aggregate (added together) without the approval of the town's voters.
- Yes: 716 (58.45%)
- No: 509 (41.55%)
The summary of Measure M was:
- 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.
