Town voters have said no to a proposal that would have allowed for more time to repay borrowed money.
The ballot question posed to Loxahatchee Groves residents Tuesday would have given the town a longer repayment period before having to take any possible borrowing requests to a town referendum.
Instead of the current three years listed in the town charter, Loxahatchee Groves would have been able to draw out repayments over 11 years before needing town approval to borrow.
Residents shot down the change, with about 63 percent voting no and about 37 percent saying yes. A total of 583 votes were cast, according to the Palm Beach County Supervisor of Elections website.
Officials have said the measure would have allowed the town to make much-needed repairs and upgrades to its road system without having to come to voters to borrow the money if the repayment period was longer than three years.
Town officials said it also could have helped residents who want to pave their dirt roads, a decision that requires approval from a majority of homeowners along the road to agree paving is needed. Homeowners then enter into an agreement with the town to repay 50 percent of the cost. They would have three years to repay that money, unless the entire town votes to let them extend the repayment term.
The Town Council voted to approve the ballot question in June. At the time, Town Attorney Mike Cirullo said those homeowners looking for paved roads could benefit the most from the measure. “When there’s a 50-50 match, the town’s going to borrow the money and the people will pay it over a 10-year period through an assessment,” Cirullo said.
The measure would not have changed the procedure for a referendum where required by law or state or federal agencies.