HomeMy WebLinkAboutCity Council Resolution 16-035 - FY2016-17 Gann LimitRESOLUTION 16-035
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE FISCAL YEAR 2016/17 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 2016/17
Appropriation Limit, which includes:
• County population adjustments for the year ended December 31, 2015 equal to 1.26%, and
• City population adjustment for the year ended December 31, 2015 equal to 0.53%, and
• Change in California per capita cost of living for Fiscal Year 2016/17 equal to 5.37%
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 Article XIIIB of the
Constitution of the State of California, the following figures accurately represent the Fiscal Year
2016/17 Appropriation Limit for the City of Saratoga at $40,602,404.
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga
City Council held on the 1St day of June 2016 by the following vote:
AYES: Mayor E. Manny Cappello, Vice Mayor Emily Lo, Council Member Mary -Lynne
Bernald, Howard A. Miller, Rishi Kumar
NOES:
ABSENT:
ABSTAIN:
ATTES/�
Debbi "1 etschneider, Acting City Clerk
E. Manny Cappello, Mayor
DATE: �i /LAo a