HomeMy WebLinkAboutCC Resolution 7549 (Spending Limit)RESOLUTION NO. 7549
A RESOLUTION OF THE SAN RAFAEL CITY COUNCIL
ESTABLISHING APPROPRIATIONS LIMIT FOR 1987/88
(AT $18,919,910)
WHEREAS, Proposition 4, which was voted upon by the voters
of the State of California on November 6, 1979, places various
limitations on the fiscal powers of state and local governments;
and
WHEREAS, Senate Bill 1352 which implements Proposition 4
requires that the governing body of each local jurisdiction shall
establish its appropriations limit at a regularly scheduled meeting
or noticed special meeting; and
WHEREAS, Documentation used in the determination of the
appropriations limit has been available in the Finance Department
as provided by Senate Bill 1352.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of San Rafael, pursuant to the formula set forth in Senate
Bill 1352, does hereby establish the appropriations limit for fiscal
year 1987/88 for the City of San Rafael at $18,919,910, as documented
in Exhibit A, attached hereto and incorporated herein by reference
as though fully set forth.
I, JEANNE M. LEONCINI, Clerk of the City of San Rafael, hereby
certify that the foregoing resolution was duly and regularly intro-
duced and adopted at a regular meeting of the Council of said City
on Monday , the 15th day of June 1987, by the
following vote, to wit:
AYES: COUNCILMEMBERS.. Breiner, Frugoli, Nave, Willms & Mayor Mulryan
NOES: COUNCILMEMBERS. None
ABSENT: COUNCILMEMBERS: None
di��FM�-LEON64N, City Clerk
28 A/18
7s�9
EXHIBIT A
CITY OF SAN RAFAEL
CALCULATION OF THE PERMITTED
GROWTH RATE IN APPROPRIATIONS
FOR 1987/88
1986/87 Limit $18,119,048
x 1.0442%
1987/88 Limit $18,919,910