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HomeMy WebLinkAboutCC Resolution 10237 (Appropriations Limit 1998-99)RESOLUTION NO. 10237 RESOLUTION APPROVING 1998/99 APPROPRIATIONS LIMIT. 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. WHEREAS, the City has elected to use the percent change in the population of Marin County and the percent change in the local assessment roll due to local non residential construction as provided by Proposition 111 for 1998/99. 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 1998/99 for the City of San Rafael at $32,591,032 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 introduced and adopted at a regular meeting on the City Council of said City held on MONDAY. the 6 t h day of ,TTTT,Y , 1998, by the following vote to wit: AYES: COUNCILMEMBERS:Cohen, Heller, Miller, Phillips & Mayor Boro NOES: COUNCILMEMBERS:None ABSENT: COUNCILMEMBERS:None JEANNJk-. LEONCINI,'City Clerk CITY OF SAN RAFAEL GANN LIMITATION CALCULATION 98/99 94/95 95/96 (A) (B) 1.22 Fiscal Cost of Living Change in Population Factor Prior Year Year Change in 1.07 Limitation 4.67 Assessment 1.64 1.08 California Roll for Change in Change in Per Capital Nonresidential Population for Population for Personal Income Or Construction San Rafael Or Marin Countv (Highest A x (Source: State) (Source: County) (Source: State) (Source: State) Highest B) 94/95 95/96 4.72 0.60 1.22 1.06 96/97 4.67 5.50 1.37 1.43 1.07 97/98 4.67 5.40 2.17 1.64 1.08 98/99 4.15 6.80 1.42 1.56 1.08 = Value selected for Factor calculation Current Year Limitation '• $35,000,000 $ 24,635,128 x $ 24,635,128 = $ 26,113,235 x $ 26,113,235 = $ 27,941,557 x $ 27,941,557 = $ 30,176,882 x $ 30,176,882 = $ 32,591,032 '• $35,000,000 $30,000,000 $25,000,000 — r I $20,000,000 — $15,000,000 - $10,000,000 $10,000,000 - $5,000,000 $- LO co co rn rn rn rn v rn m n rn rn rn rn Exhibit A