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Home My WebLink AboutCity Council Resolution 95-31 RESOLdION NO. 95-31 ARESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA ESTABLISHING THE 1995-96 FISCAL YEAR APPROPRIATION LIMIT FORT HE CITY OF SARATOGA WHEREAS, the City of Saratoga has established its Base Year t 747 appropriation liml as $5,961, (Five Nillion, Nine Hundred Sixty-one Thousand, Seven Hundred Forty-seven Dollars)= and WHEREAS, the cumulative a ropriate changes to the City's population, the Consumer ~e Index, and par capita income statewide since the Base Year established the revised Proposition 111 1994-95 Fiscal Year Appropriation Limit as $14,113,809 (Fourteen Million, One Hundred Thirteen Thousand, Eight Hundred Nine Dollars) as adJusted~ and WHEREAS, to the best of this City's knewledge and belief, the State Department of Finance figures provided to this City in response to Proposition 111 passed by the voters in June 1990, as audited, reflect the ~ypropriate statistics relevant to the calculation of the 1995-96 seal Year Appropriation Limit: Per Capita Personal Income change for fiscal year 1995-96, plus 4.72% (Four point seven two parcent)~ Population adjustments for 1995, plus 3.30% (Three pointthree zero percent). NON, THEREFORE, it is hareby 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 foilswing figure accurately represents the 1995-96 Fiscal Year Appropriation Limit for the City of Saratoga: $15,267,720 (Fifteen Nillion, Two Hundred Sixty-seven Thousand, Seven Hundred Twenty Dellars.) 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 21st day of June, 1995, by the foilswing vote: AYES: Councilmembers Jacobs, Moran, Tucker, Wolfe and Mayor Burger NOES: None ~~~ ABSENT: None NAYOR ATTEST: Deputy City Clerkf Gann Appropriation Umit 06/15/95 BASE YEAR - 78/79 $5,961,747 POPULATION CHANCE -0.87% POPULATION CHANGE 1.33% CPI/PERSONAL INCOME 10. 17% CPI/PERSONAL INCOME 5. 19% COMBINED PERCENTACE $549,168 9.21% COMBINED PERCENTAGE $726,395 6.59°/0 GANN LIMIT- 79/80 $6,51 0,91 5 GANN LIMIT- 89/90 $11,750, 7 t 2 POPULATION CHANGE 1.54% POPULATION CHANGE 1.35% CR/PERSONAL INCOME 12.11% CPI/PERSONAL INCOME 4.21% COMBINED PERCENTAGE $600,882 13.84% COMBINED PERCENTAGE $660,01 8 5.62% GANN LIMIT-80181 $7,411,797 GANN LIMIT-90/91 $12.410,730 POPULATION CHANGE 0.19% POPULATION CHANCE 1.31% CPI/PERSONAL INCOME 9.12% CPIA:~ERSONAL INCOME 4.14% COMBINED PERCENTAGE $69t ,323 9.33% COMBINED PERCENTAGE $683,116 5.50% GANN LIMtT-81/82 $8,1 03,11 9 GANN LIMIT-91 t92 $13,093,845 POPULATION CHANGE $1 52,389 1.68% POPULATION CHANGE 1.48% CPI/PERSONAL INCOME 6.79% CPI/I:~RSONAL INCOME -0.54% COMBINED PERCENTAGE $71 2,884 8.80% COMBINED PERCENTAGE $108,748 0.83% GANN LIM1T-81/82 $8,81 6,004 GANN LIMIT-92/93 $13,202,594 POPULATION CHANGE 0. 15% POPULATION CHANGE 1.71 % CPI/PERSONAL INCOME 2.85% CPI/I:~RSONAL INCOME 2.72% COMBINED PERCENTAGE $220,711 2.50% COMBINED PERCENTAGE $591,01 6 4.48% GANN LIMIT - 83/84 $9.036,71 5 GANN LIMIT- 93/94 $13,793,609 POPULATION CHANCE 0.10% POPULATION CHANGE 1.60% CPI/PERSONAL INCOME 4.74% CPI/PERSONAL INCOME 0.71% COMBINED PERCENTAGE $437,805 4.84% COMBINED PERCENTAGE $320,199 2.32% GANN LIMIT-84/85 $9,474,520 GANN LIMIT-94/95 $14,113,809 POPULATION CHANGE -0.73% POPULATION CHANGE 3.30% CPIIPERSONAL INCOME 3.74% CPI/PERSONAL INCOME 4.72% COMBINED PERCENTAGE $282,596 2.98% COMBINED PERCENTAGE $1,153,911 8.18% GAN N LIMIT- 85/86 $,9,757, 116 GANN LIMIT- 95/96 $15, 267,720 POPULAT ON CHANGE 0.16% CPI/PERSONAL INCOME 2.80% COMBINED PERCENTAGE $240,384 2.46% GANN LIMIT-86/87 $9,997,5(X) POPULATION CHANCE 0.63% CPI/t=ERSONAL INCOME 3.47% COMBINED PERCENTACE $412,083 4.1:2% GANN LIMIT-87/88 $10,409,583 POPULATION CHANGE 1.19% CPI/lc~RSONAL INCOME 4.66% COMBINED PERCENTAGE $614,738 5.91% GANN LIMIT-68/89 $t 1,024,81 7 RECALCULATED UNDER PROP 11 t AS PASSED BY THE VOTERS IN JUNE 1990 SOURCE FOR REVISED C.PJ. AND COUNTY POPULATION GROWTH: STATE DEPT OF FINANCE, DEMOGRAPHIC RESEARCH UNIT AS A RESET OF THE PROP 111 AUDIT, THIS CALCULATION HAS BEEN CORRECTED FOR 1992-98 FORWARD, TO REFLECT POPULATION CHANGE FOR THE COUNTY (WHICH IS GREATER THAN CITY POPULATION GROW[H).