Measure on the ballot in the 2024 Vermont General Election in Burlington.
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Get StartedShall the City be authorized to issue revenue bonds or notes in one or more series on behalf of the Electric Light Department, in an amount not to exceed $20,000,000 in the aggregate, to be issued pursuant to the City Charter, as may be determined by the City Council, and payable from the net revenues of the electric system, for the purpose of paying for (i) capital additions and improvements to the City's electric system, and energy transformation and energy efficiency projects, in furtherance of the City's Net Zero Energy goals, including capital improvements for the distribution system, grid demand management and battery storage opportunities, generation plant upgrades, IT system/technology system upgrades, acquisition of municipal electric vehicles and support of EV charging infrastructure (the "Project"), and (ii) funding a debt service reserve funds and paying costs of issuance?
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