HomeMy WebLinkAboutCity Council Resolution 15-033 - Establishishing FY 201516 GANN Limit AppropriationRESOLUTION NO. 15-033
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE FISCAL YEAR 2015/16 GANN LIMIT APPROPRIATION
FOR THE CITY OF SARATOGA
WHEREAS, the City of Saratoga has established its Base Year Appropriation Limit as
$5,961,747 in Fiscal Year 1978/79; 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 1996/97
Appropriation Limit as $16,153,314, 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, reflects the appropriate statistics relevant to the calculation of the Fiscal Year 2015/16
Appropriation Limit, which includes:
• County population adjustments for the year ended December 31, 2014 equal to 1.13%, and
• City population adjustment for the year ended December 31, 2014 equal to 0.00%, and
• Change in California per capita cost of living for fiscal year 2015/16 equal to 3.82%
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby
resolves that, based on the foregoing figures and the provisions of the Article XIIIB of the
Constitution of the State of California, the following figure accurately represents the Fiscal Year
2015/16 Appropriation Limit for the City of Saratoga at: $38,053,695
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga
City Council held on the 3rd day of June 2015 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Mayor Howard A. Miller, Vice Mayor Manny Cappello, Council Member Emily
Lo, Mary -Lynne Bernald, Rishi Kumar
6'10/4 / 1114/
Howard A. Miller, Mayor
�� IU DATE:/1-11:2_01
1 Both
Cry elio, City Clerk