Berkeley Streets and Watershed bond proposition, Measure M (November 2012)
If voters approve it, the city will be authorized to borrow $30 million to make a variety of improvements to Berkeley's streets and watershed.
The average annual cost for a homeowner over the 30-year period the bonds will be outstanding if Measure M is approved are:
- $38 for a home with an assessed valuation of $330,500
- $61 for a home with an assessed valuation of $700,000
- $116 for a home with an assessed valuation of $1,000,000
A 2/3rds supermajority vote is required for approval. (In California, a 55% supermajority vote is required to approve school bond measures, but a 2/3rds supermajority vote is required to approve city bonds.)
The question on the ballot:
|MEASURE M: "Shall the City of Berkeley issue general obligation bonds not exceeding $30,000,000 for street improvements and integrated Green Infrastructure such as rain gardens, swales, bioretention cells and permeable paving, to improve roads, reduce flooding and improve water quality in the creeks and Bay?"|
- Berkeleyside, "Bond measures take shape", July 11, 2012
- Berkeley Patch, "Deadline Looms for Ballot Arguments", August 16, 2012
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.