HomeMy WebLinkAboutCity Council Resolution 18-029 Approving the Gann Appropriation Limit for FY 2018-19RESOLUTION 18-029
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE FISCAL YEAR 2018/19 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 2018/19 Appropriation Limit, which includes:
• County population adjustments for the year ended December 31, 2017 equal to 0.99%, and
• City population adjustment for the year ended December 31, 2017 equal to 0.52%, and
• Change in California per capita cost of living for Fiscal Year 2018/19 equal to 3.67%
NOW, THEREFORE, 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 2018/19 Appropriation Limit for the City of Saratoga at $44,434,849.
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held
on the 6th day of June 2018 by the following vote:
AYES: Mayor Mary -Lynne Bernald, Vice Mayor E. Manny Cappello, Council Members
Howard A. Miller, Emily Lo, Rishi Kumar
NOES:
ABSENT:
ABSTAIN:
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DATE: It7
Nora Pimentel, MMC, Ci Clerk