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HomeMy WebLinkAboutResolution 2008-205 N.C.S. 11/03/2008Resolution No. 2008-205 N.C.S. of the City of Petaluma, California ADOPTING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2008-2009 AND MAKING THE ANNUAL ELECTION FOR ADJUSTMENT FACTORS WHEREAS, the people of California on November 6, 1979, added Article XIII-B to the California State Constitution placing various limitations on the Appropriations of State and Local Governments; and, WHEREAS, the California 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 on 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 guideline to calculate the Appropriations Limit; and, WHEREAS, section 7910 of the Government Code requires cities to adopt a resolution setting the annual appropriations 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 calculation the appropriations limit for Fiscal Year 2008-2009. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Petaluma that: 1. The Fiscal Year 2008-2009 Appropriations Limit shall be $111,090,445 2. The Fiscal Year 2008-2009 Appropriations subject to the Limit is $31,791,406 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, as provided by the California State Department of Finance. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Council of the City of Petaluma at a Regular meeting on the 3`d day of November, 2008, by the following vote: AYES: Barrett, I~reitas, Harris, Nau, O'Brien, Vice Mayor Rabbits, M NOES: None ABSENT: None ABSTAIN: None ATTEST: City Clerk Resolution No. 2008-205 N.C.S. ity Page. 1