2B—Increase and Extend the Utility Occupation Tax
This will fund the legal, financial and technical analysis necessary prior to proceeding. This money can only be spent on the municipal utility. Every dollar spent from this money on legal fees will save us multiple dollars in startup costs. The tax increase is less than $1/month for most residences. Putting this in perspective, Xcel raised our rates 7% or $4/month per average residence in the first six months of this year because of fossil fuel price increases. The tax will last for a maximum of 6 years, and would be ended earlier if the muni effort is terminated.
2C—Authorization to Create a Boulder “Light and Power” Municipal Utility
This establishes the Charter language for operation and governance of a Boulder municipal utility. Safeguards include: rates must not exceed Xcel’s rates at startup; transfers to the general fund are severely restricted (to less than 4% of total revenues); the process will be stopped if rate and reliability requirements cannot be met; and, plans must exist for increased renewables and further reduction in greenhouse gas emissions. Once approved by the citizens, the Charter cannot be changed by City Council.
BALLOT ISSUE NO. 2B
INCREASE AND EXTEND THE UTILITY OCCUPATION TAX
SHALL CITY OF BOULDER TAXES BE INCREASED $1,900,000 ANNUALLY (IN THE FIRST YEAR) THROUGH AN INCREASE OF UP TO THAT AMOUNT IN THE CURRENT UTILITY OCCUPATION TAX WITH THE ANNUAL INCREASE BEING FOR THE PURPOSE OF FUNDING THE COSTS OF FURTHER EXPLORATION OF AND PLANNING FOR BOTH THE CREATION OF A MUNICIPAL ELECTRIC UTILITY AND ACQUIRING AN EXISTING ELECTRIC DISTRIBUTION SYSTEM, AND SHALL THE CITY’S UTILITY OCCUPATION TAX BE EXTENDED FROM ITS CURRENT EXPIRATION DATE OF DECEMBER 31, 2015 AND EXPIRE ON THE EARLIER OF: (1) DECEMBER 31, 2017, (2) WHEN THE CITY DECIDES NOT TO CREATE A MUNICIPAL UTILITY, OR (3) WHEN IT COMMENCES DELIVERY OF MUNICIPAL ELECTRIC UTILITY SERVICES; WITH THE EXTENSION OF THE EXISTING TAX BEING USED TO CONTINUE TO SUPPORT LOCAL GOVERNMENT SERVICES, AND SHALL THE REVENUE FROM SUCH TAX INCREASE AND EXTENSION AND ALL EARNINGS THEREON (REGARDLESS OF AMOUNT) CONSTITUTE A VOTER APPROVED REVENUE CHANGE, AND AN EXCEPTION TO THE REVENUE AND SPENDING LIMITS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?
FOR THE MEASURE ____
AGAINST THE MEASURE____
Ballot Question No. 2C
Light and Power Utility
Shall the City of Boulder have the authority to establish, acquire, erect, maintain, and operate, by any lawful means, a municipal light and power utility with programs and improvements that include without limitation generation plants, renewable energy, energy conservation, and distribution systems, with all necessary powers appurtenant thereto if the city council determines that it can acquire the electrical distribution system in Boulder and charge rates that do not exceed those rates charged by Xcel Energy at the time of acquisition and that such rates will produce revenues sufficient to pay for operating expenses and debt payments, plus an amount equal to twenty-five percent (25%) of the debt payments; and with the reliability comparable to Xcel Energy and a plan for reduced greenhouse gas emissions and other pollutants and increased renewable energy; Shall the City amend its Charter by the addition of a new Article XIII, “Light and Power Utility,” as described in Ordinance No. 7804 that provides for utility service standards, the creation of an electric utilities department and electric utilities board, and the general powers and limitations of the utility; and Shall the City, acting through the utility, issue enterprise revenue bonds payable solely from the net revenues of the utility, to finance the costs of acquiring from Xcel Energy and any affiliate thereof, and constructing, relocating, installing, improving, completing or expanding the equipment, facilities and other assets comprising an existing electric distribution system within or outside the City’s boundaries, and paying all necessary or incidental costs related thereto, and shall the City have the authority to adopt all means necessary or appropriate to carry out the requirements, purpose and intent of this measure?
For the measure ____
Against the measure ____