HomeMy WebLinkAboutCity Council Resolution 02-078RESOLUTION N0.02-078
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE FISCAL YEAR 2002-03
APPROPRIATION LIMIT FOR THE CITY OF SARATOGA
WHEREAS, the City of Sazatoga has established its Base Year appropriation limit as
$5,961,747; and
WHEREAS, the cumulative changes to population and to the California per capita personal
income since the Base Year established the revised Proposition 111 Fiscal Year 2001-02 Appropriation
Limit as $22,950,540; and
WHEREAS, to the best of the City's knowledge and belief, the State Department of Finance
figures provided to the City in response to Proposition 111 passed by the voters in June 1990, reflect
the appropriate statistics relevant to the calculation of the Fiscal Yeaz 2002-03 Appropriation Limit:
Population adjustments for the yeaz ended December 31, 2001, equals 1.91%; and
Per capita change in California personal income determined for Fiscal Yeaz 2002-03 equals
-1.27%.
NOW, THEREFORE, the City Council of the City of Saratoga hereby resolves that, based on
the foregoing figures and the provisions of Article J~ of the Constitution of the State of California,
the following figure accurately represents the Fiscal Yeaz 2002-03 Appropriation Limit for the City of
Saratoga: $23,092,833
The above and foregoing resolution was passed and adopted at a regular meeting of the
Sazatoga City Council held on the 16th day of October, 2002, by the following vote:
AYES: Councilmembers Stan Bogosian, John Mehaffey, Ann Waltonsmith,
Vice Mayor Evan Baker, Mayor Nick Streit
NOES: None
ABSTAIN: None
ABSENT: None
4 v
Nick Streit, Mayor
CITY OF SARATOGA
Gann Limit Appropriation
Fiscal
Year
Population
Change Personal
Income
Change
Gann
Limit
%Change
1978 - 79 BASE YEAR $5,961,747
1979 - 80 -0.87% 10.17% $6,510,915 9.21%
1980 - 81 1.54% 12.11% $7,411,797 13.84%
1981 - 82 0.19% 9.12% $8,103,119 9.33%
1982 - 83 1.88% 6.79% $8,816,004 8.80%
1983 - 84 0.15% 2.35% $9,036,715 2.50%
1984 - 85 0.10% 4.74% $9,474,520 4.84%
1985 - 86 -0.73% 3.74% $9,757,116 2.98%
1986 - 87 0.16% 2.30% $9,997,500 2.46%
1987 - 88 0.63% 3.47% $10,409,583 4.12%
1988 - 89 1.19% 4.66% $11,024,317 5.91%
1989 - 90 1.33% 5.19% $11,750,712 6.59%
1990 - 91 1.35% 4.21% $12,410,730 5.62%
1991 - 92 1.31% 4.14% $13,093,845 5.50%
1992 - 93 1.48% -0.64% $13,202,594 0.83%
1993 - 94 1.71% 2.72% $13,793,609 4.48%
1994-95 1.60% 0.71% $14,113,809 2.32%
1995 - 96 3.30% 4.72% $15,267,720 8.18%
1996 - 97 1.08% 4.67% $16,153,314 5.80%
1997 - 98 2.89% 4.67% $17,396,306 7.69%
1998 - 99 2.12% 4.15% $18,502,359 6.36%
1999 - 00 1.73% 4.53% $19,675,107 6.34%
2000 - 01 1.63% 4.91% $20,977,606 6.62%
2001 - 02 1.47% 7.82% $22,950,540 9.40%
2002 - 03 1.91% -1.27% $23,092,833 0.62%
Recalculated under Proposition 111 as passed by the voters in June 1990. Source for revised CPI
and population growth: State Department of Finance, Demographic Research Unit.
As a result of the Proposition 111 audit, this calculation has been corrected for 1992-93 forward to
reflect greater of County or City population change.