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Because

$70,000 is what it costs to have an election. But we're already having an election in November, not holding an election for nothing but a vote on the petition. The petition will just get tagged onto the existing ballot.
I would have expected the City Manager to know that. If he was aware of it, but threw out that $40,000 figure anyway, well, I guess that would make him dishonest. I wouldn't want to think that of him so I'll give him the benefit of the doubt and say he's ignorant, instead.

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