Who ultimately has the authority to decide on a binding referendum?

Prepare for the Certified Municipal Finance Officer Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Set yourself up for success!

The authority to decide on a binding referendum rests with the registered voters. A binding referendum is a direct vote in which the electorate is invited to vote on a particular proposal and the outcome is legally required to be implemented. This democratic process allows voters to express their preferences on issues such as changes in local government, tax measures, or significant policy shifts.

When voters participate in a referendum, they exercise their power to influence governance directly. The decision made by the electorate in a referendum is final and must be honored by government officials and bodies, making the role of the registered voters paramount in this context. Other entities like the Governor, City Manager, or Economic Development Board may have roles in proposing or administrating referendums, but they do not have the final say; that responsibility lies solely with the voters who cast their votes on the measure.

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