HomeMy WebLinkAboutCity Council Resolution 2349 ~LUTION NO. 2349
A RESOLFfION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE 1986-87 FISCAL YEAR
APPRDPRIATION LIMIT FOR THE CITY OF SARATOC~
~, the City of Saratoga has established its Base Year appropriation
limit as $5,961,747 (Five Million, Nine Hundred Sixty-one Thousand, Seven
Hundred Forty-seven Dollars); and
WHERFAS, the cunulative appropriate changes to the City's population, the
Consumer Price Index, and per capita income statewide since the Base Year
established the 1985-86 Fiscal Year Appropriations Limit as $9,757,116
(Nine Million, Seven Hundred Fifty-seven Thousand, One Hundred Sixteen
Dollars); and
WHEREAS, to the best of this City's knowledge and belief, the State
Department of Finance figures provided to this City reflect the appropriate
statistics relevant to the calculation of the 1986-87 Fiscal Year
Appropriation Limit:
Consumer Price Index change on a March-to-March basis for the period
ending March, 1986, plus 2.3% (two point three percent);
Population adjustments for 1986, plus 0.16% (zero point one six
percent).
NOW IHIltEtX3RE, it is hereby resolved as follows:
Section 1. Based on the foregoing figures and the provisions of Article
XIIIB of the Constitution of the State of California, the following figure
accurately represents the 1986-87 Fiscal Year Appropriation Limit for the
City of Saratoga: $9,997,500 (Nine Million, Nine Hundred Ninety-seven
Thousand, Five Hundred Dollars).
Section 2. The City Clerk shall certify to the passage of this resolution.
The above and foregoing resolution was passed and adopted at a regular
meeting of the Saratoga City Council held on the 4th day of 3une, 1986, by
the following vote:
AYES: CoLLnci]_menbers Callon, Fanelli, Hlava, MDyleS and Mayor Clevenger
NOES: None
ABSENT: None
ATIEST:
Deputy City Clerk ~
Revised 6/2/86