HomeMy WebLinkAboutCity Council Resolution 21-040 Gann LimitRESOLUTION NO. 21-040
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE FISCAL YEAR 2021/22 GANN LIMIT
APPROPRIATION FOR THE CITY OF SARATOGA
WHEREAS, the City of Saratoga 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 I I 1 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, reflects the appropriate statistics relevant to the calculation of the Fiscal
Year 2021/22 Appropriation Limit, which includes:
• County population adjustments for the year ended January 31, 2021 equal to-0.56%, and
• City population adjustment for the year ended January 31, 2021 equal to-0.99%, and
• Change in California per capita cost of living for Fiscal Year 2021/22 equal to 5.73%
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 Fiscal Year 2021/22
Appropriation Limit for the City of Saratoga is $50,679,074.
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held
on the 16th day of June 2021 by the following vote:
AYES: Mayor Yan Zhao, Vice Mayor Tina Walia, Council Members Mary -Lynne Bernald,
Kookie Fitzsimmons, Rishi Kumar
NOES:
ABSENT:
ABSTAIN:
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Yan ao
Mayor, City of Saratoga
n--DATE:
ngKie Bretschneider, CMC
City Clerk, City of Saratoga