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HomeMy WebLinkAboutResolution 2003-128 N.C.S. 07/07/2003resolution No. 2003-128 N.C.S. of the City of Petaluma, California ADOPTING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2003-2004 AND MAKING THE ANNUAL ELECTION FOR ADJUSTMENT FACTORS WHEREAS, the people of California on November 6, 1979, added Article XIII-B to the State Constitution placing various limitations on the appropriations of state and local governments; and, WHEREAS, the State Legislature adopted Chapters 1205 and 1342 of the 1980 Statutes which implemented Article XIII-B; and, WHEREAS, the people of California on June 5, 1990~amended Article XIII-B effective July 1, 1990; and, WHEREAS, the provisions of the amendments have been interpreted by a coalition of statewide organizations, and the organizations have issued through the League of California Cities revised guidelines to calculate the appropriations limit; and, WHEREAS, section 7910 of the Government Code requires cities to adopt a resolution setting the annual appropriation limit at a regularly scheduled meeting or a noticed special meeting; and, WHEREAS, the City of Petaluma has complied with the provisions of Article XIII-B in calculating the appropriations limit for Fiscal Year 2003-2004. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Petaluma that: 1. The FY 2003-2004 Appropriations Limit shall be $86,412,476 2. The FY 2003-2004 Appropriations subject to the Litnit is $19,503,222. 3. The annual election for Adjustment Factors shall be to use the growth in City population and the increase in the per-capita personal income for the State of California. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resohrtion was introduced and. adopted by the Approved as to Council of thehCity of Petaluma at a (Regular) (Adjourned) (Special meeting ~' on the .........~ ........:...... day of ........Ju.Y......................................., 20.Q~., by the following vote: ••••••• ••••••••• •• ity ttorney AYES: Canevaro, Mayor Glass, Harris, Moynihan, Vice Mayor O'Brien, Torliatt NOES: None ABSENT: Healy r ATTEST: L City Jerk Mayor Council File ....................:.............. Res. No........2003-128 .._..N.CS.