HomeMy WebLinkAboutResolution 95-209 08/21/1995 r ~
' IZ.ES®LIJTI®N N®.
N.C.S.
of the City of Petalurria, California
1 RESOLUTION ADOPTING THE APPROPRIATION LIMIT FOR
2 FISCAL YEAR 1995-96
3
4
5 WHEREAS, the people of California on November 6, 1979, added Article XIII-B
6 to the State Constitution placing various limitations on the appropriations of the State and local
7 governments; and
8
9 WHEREAS, the State Legislature adopted Chapters 1205 and 1342 of the 1980
10 Statutes which implemented Article XIII-B; and
11
12 WHEREAS, the people of California on June 5, 1990 amended Article XIII-B
13 effective July 1, 1990; and
14
15 WHEREAS, the provisions of the amendments have been interpreted by a
16 coalition of statewide organizations, and the organizations have issued through the League of
17 California Cities revised guidelines to recalculated the appropriations limit; and
18
19 WHEREAS, 7902 of the Government Code provides the process in which to
20 calculate the appropriations limit and 7910 of the Government Code requires cities to adopt a
21 resolution setting the annual appropriation limit at a regularly scheduled meeting or a noticed
22 special meeting; and
23
24 WHEREAS, the City of Petaluma has complied with the provisions of Article
25 XIII-B in determining the appropriations limit for Fiscal Year 1995-96; and
26
27 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
28 Petaluma that:
29
30 1. The annual adjustment factors used to calculate the FY 95-96 appropriations
31 limit shall be the estimated change in non-residential assessed valuation due to new
32 construction (9.49%) and City population (3.00%).
33
34 2. The FY 95-96 appropriations limit shall be $31,246,894.
35
36 3. The FY 95-96 appropriations subject to the appropriations limit is $12,679,977.
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 Approved as to
Council of the City of Petaluma at a (Regular) ting form
on the 21st ~y of ,,...-.November 19...95, by the
followm vote• -
'g
City Attorney
AYES: Hamilton, Stompe, Maguire, Read, Barlas, Vice Mayor Shea, Mayor Hilligoss
NOES: None
`I ~
ABSENT: None .
ATTEST: .......y .C~.. J.Y ~'t:
Cit Clerk G~ Ma of
(bnnci! File..._
p
CA I0~85 Res. Na...........Y..~-H.09. N.C.S.
I
CITY OF PETALUMA
APPROPRIATION LIMITATION ANALYSIS
FISCAL YEAR 95-96
FY 94-95 Appropriations Limit $27,707,362
Allowed Percentage Increase from Prior Year 12.77%
FY 94-95 Estimated Non-Residential Assessed Value Growth 9.49%
FY 95-96 City Population Growth Estimate 3.00%
FY 95-96 Appropriations Limit $31,246,894
FY 95-96 Proceeds to Taxes $13,465,370
Less Allowable Exclusions of (785,393)
Certain Appropriations
FY 95-96 Appropriations Subject to Limit 12,679,977
FY 95-96 A.onropriations Under Limit ($18.566,9.1-7) 5,~°
CITY OF PETALUMA
APPROPRIATIONS LIMITATION
Millions
35
30 _ _ _
25 ~ I
20
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15 ~
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,
i
5
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FY 89-90 FY 90-91 FY 91-92 FY 92-93 FY 93-94 FY 94-95 FY 95-96
LIMIT ®SUBJECT TO LIMIT
PROPOSITION 4 ADOPTED NOVEMBER, 1979
AMENDED JUNE, 1990 GANN
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