rake db:migrate is being aborted due to rake version difference
You want to use bundle exec:
bundle exec rake db:migrate
Or, if you're using Rails 4 binstubs:
./bin/rake db:migrate
Error in bin/rake db:migrate
Running rake db:setup is not the same as running all migrations, but uses your schema.rb to rebuild the database, which still includes the todo_items table.
Drop the database again with rake db:drop, and run rake db:migrate to only use the migrations in your migrate directory.
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