HomeMy WebLinkAboutCity Council Resolution 08-054RESOLUTION NO. 08-054
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE FISCAL YEAR 2008/09 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 2008/09 Appropriation Limit, which
includes:
• County population adjustments for the year ended December 31, 2007 equal to 1.72%, and
• City population adjustment for the year ended December 31, 2007 equal to .77%, and
• Change in California per capita cost of living for fiscal year 2008/09 equal to 4.29%
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 2008/09 Appropriation
Limit for the City of Saratoga at: $30,592,105
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City
Council held on the 3rd day of September 2008 by the following vote:
AYES: Councilmember Aileen Kao, Jill Hunter, Kathleen King, Vice Mayor Chuck Page
Mayor Ann Waltonsmith
NOES: None
ABSENT: None
ABSTAIN: None
~.~~~.
;~
Ann Waltonsmith, Mayor
ATTE T• ~
Ann cting City Clerk