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HomeMy WebLinkAboutResolution 93-242 09/07/1993F~eSOIUtI®1"1 N®. 93-242 N.C.S. of the City of Petaluma, California RESOLUTION ADOPTING THE APPROPRIATION LEVITY FOR FISCAL FEAR 1993-94 WHEREAS, the people of California on November 6, 1979, added Article XIII-B to the State Constitution placing various limitations on the appropriations of the 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 recalculated the appropriations limit; and WHEREAS, 7902 of the Government Code provides the process in which to calculate the appropriations limit and 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 determining the appropriations limit for Fiscal Year 1993-94; and .Petaluma that: NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of 1. The annual adjustment factors used to calculate the FY 93-94 appropriations limit shall be the estimated change in non-residential assessed valuation due to new construction and County population. 2. The FY 93-94 appropriations limit shall be $24,975,553. 3. The FY 93-94 appropriations subject to the appropriations limit is $10,885,205. 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 form Council of the City of Petaluma at a (Regular) (~C~CIIfll~Xmeeting~- on the ....---.._.7xh....... day of .............Septeznb~r.-•--------•----------, 19....93 by the - following vote: -----. ~- ...~ ....-----•-•----------.. ~G~ity At rney AYES: Nelson, Sobel, Hamilton, Barlas, Shea, Vice Mayor Read, Mayor Hilligoss NOES: None ABSENT: N ne ATTEST: ..... ....... ...................:f~'1._....,.,.-..._...... ity Clerk voimcu r'ua.._ ............................... CA 10-85 Res. No....9.3-2.4,2......... N.C.S.