HomeMy WebLinkAboutCity Council Resolution 97-27 RESOLUTION NO. 97-~7
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABHSHING THE HSCAL YEAR 1997-98
APPROPRIATION LlMIT FOR THE CITY OF SARATOGA
WHEREAS, 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
WHEREAS, the cumulative appropriate changes to the City's population, the Consumer
Price Index, and per capita income matewide since the Base Year established the revised
Proposition 111 Hscal Year 1996-97 Appropriation Limit as $16,153,314 (Sixteen Million, One
Hundred FiRy-three Thousand, Three Hundred Fourteen Dollars); and
WHEREAS, to the best of this City's knowledge and belief, the State Department of
Finance figures provided to this City in response to Proposition 111 passed by the voters in June
1990, reflect the appropriate statistics relevant to the calculation of the Fiscal Year 1997-98
Appropriation Limit:
Population adjustments for the year ended January 1, 1997, equals 2.89% (Two Point Eight-nine
Percent); and
Per capita change in personal income for Fiscal Year 199%98 equals 4.67% (Four Point Six-seven
Percent).
NOW, THEREFORE, it is hereby resolved as follows:
Section 1: Based on the foregoing figures and the provisions of Article Xlll~ of the
Constitution of the State of Califomia, the following figure accurately represents the Fiscal
Year 1997-98 Appropriation Limit for the City of Saratoga: $17,396,306 (Seventeen
Million, Three Hundred Ninety-six Thousand, Three Hundred Six 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
1
City Council held on the 18th day of June, 1997, by the following vote:
AYES: Counci lmernbers Bogosi an, i]acobs, Shaw and Mayor Moran
NOES: None
ABSEI~rF: Counci lmember Wolfe
ATTEST:
Deputy City Clerk
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CITY OF SARATOGA
Gann Appropriation Limit
Years/Factors , i % Change Years/Factors % Change
BASE YEAR - 78i79 CPI/PERSONAL ~NCOME ~' 5.19%
POPULATION CHANGE -0.87% GANN LIMIT-89/90 i'3'
~ POPULATION CHANGE ,, ~.= 1.35%
CPi,'PERSONAL INCOME ~ 10.17%
GANN LIMIT-79180 ' CPI/PERSONAL INCOME 4.21
POPULATION CHANGE 1.54% GANN LIMIT-90/91
POPULATION CHANGE ,' 1.31 %
CPI!PERSONAL INCOME 12.11%
GANN LIMIT-80/81 CPIIPERSONAL INCOME 4.14%
POPULATION CHANGE O. 19 % GANN LIMIT-91 i92
POPULATION CHANGE 1.48%
CPIIPERSONAL INCOME 9.12%
GANN LIMIT-81 ./82 CPIIPERSONAL INCOME -0.64%
POPULATION CHANGE 1.88% GANN LIMIT-e2/93 P..-9~.
POPULATION CHANGE ,t6.4 1.71%
CPIiPERSOHAL INCOME 6.79%
GANN LIMIT-82./83 CPIiPERSONAL INCOME '.b~l!' 2.72%
POPULATION CHANGE 0.15% GANN LIMIT-93.,'94
, POPULATION CHANGE 1.60%
CPI.'PERSONAL INCOME '= 2.35% :
CPIiPERSONAL INCOME
GANN LIMIT-83/84 J=.j!i ' '
:>OPULATION CHANGE !: ii 0.10% GANN LIMIT-94195 ~;~
:;' ;,~ ;! ,, ';" 3.30%
'. POPULATION CHANGE: ~: := .!
CPIiPERSONAL INCOME 4.74% CPI/PERSONAL INCOME 4.72%
!,
GANN LIMIT-84!B5 COMBINED PERCENTAGE 8.18%
POPULATION CHANGE r i -0.73% GANN LIMIT-95196
il POPULATION CHANGE ': ~ 1.08%
CPI~PERSONAL INCOME i=' 3.74% CPI/PERSONAL INCOME ia: ;!, 4.67%
i GANN LIMIT-85/86 !! ji, COMBINED PERCENTAGE 5.80%
'POPULATION CHANGE ", 0.16% GANN LIMIT-96197 I~',
! POPULATION CHANGE .;,! i"'
=. s', ~i :, · 2.89%
CPh'PERSONAL INCOME , 2.30% CPIiPERSONAL INCOME I i :~ii!!=ii ~ 4'67%!
GANN LIMIT-86!87 : ~ COMBINED PERCENTAGE 7.69%
POPULATION CHANGE . I 0.63% GANN LIMIT-97/98
POPULATION CHANGE 1.19%
GANN LIMIT-88/89
POPULATION CHANGE 1.33% ,:~
RECALCULATED UNDER PROP 111 AS PASSED BY THE VOTERS IN JUNE 1990 SOURCE FOR REVISED
C.P.I. AND COUNTY ~PULATION GRO~H: STATE DE~ OF FINANCE, DEMOG~PHIC RSRCH UNIT.
AS A RESULT OF THE PROP 111 AUDIT, TH[S CALCULATION HAS BEEN CORRECTED FOR 1992-93
FORWARD, TO REFLECT GREATER OF COUNTY OR CITY POPULATION CHANGE.
O:XBUDGET~98DETAIL\GANNLMT.xls
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