HomeMy WebLinkAboutCity Council Resolution 99-34
RESOLUTION NO. 99-34
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING TIm FISCAL YEAR 1999-00
APPROPRIATION LIMIT FOR THE CITY OF SARATOGA
WHEREAS, the City of Saratoga has established its Base Year appropriation limit as
$5,961,747; 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 1998-99
Appropriation Limit as $18,502,359; 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, reflect
the appropriate statistics relevant to the calculation of the Fiscal Year 1999-00 AppropriationLimit:
. Population adjustments for the year ended December 31, 1998, equals 1.73; and
. Per capita change in California personal income determined for Fiscal Year 1999-00 equals
4.53%.
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 following figure accurately represents the Fiscal Year 1999-00 Appropriation Limit
for the City of Saratoga: $19,675,107.
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Reso. 99-34
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, 1999, by the following vote:
AYES: Counci 1 members Baker, Strei t, Mehaffey, v; ce ~~ayor Bogos; an, ~1ayor Shaw
NOES: None
ABSENT: None
ABSTAIN: None
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A TrEST:
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CITY OF SARATOGA
Gann Limit Appropriation
Personal
Fiscal Population Income Gann
Year Change Change Limit %Change
1978 - 79 BASE YEAR $5 961 ,747
1979 - 80 -0,87% 10.17% $6,510,915 9.21%
1980 - 81 1.54% 12.11 % $7,411,797 13.84%
1981 - 82 0.19% 9.12% $8,103,119 9.33%
1982 - 83 1.88% 6.79% $8,816,004 8.80%
1983 - 84 0.15% 2.35% $9,036,715 2.50%
1984 - 85 0.10% 4.74% $9,474,520 4.84%
1985 - 86 -0.73% 3.74% $9,757,116 2.98%
1986 - 87 0.16% 2.30% $9,997,500 2.46%
1987 - 88 0.63% 3.47% $10,409,583 4.12%
1988 - 89 1.19% 4.66% $11,024,317 5.91%
1989 - 90 1.33% 5.19% $11,750,712 6.59%
1990 - 91 1.35% 4.21% $12,410,730 5.62%
1991 - 92 1.31% 4.14% $13,093,845 5.50%
1992 - 93 1.48% -0.64% $13,202,594 0.83%
1993 - 94 1.71% 2,72% $13,793,609 4.48%
1994 - 95 1,60% 0,71% $14,113,809 2.32%
1995 - 96 3.30% 4.72% $15,267,720 8.18%
1996 - 97 1.08% 4.67% $16,153,314 5.80%
1997 - 98 2.89% 4.67% $17,396,306 7,69%
1998 - 99 2.12% 4.15% $18,502,359 6.36%
1999 - 00 1.73% 4.53% $19,675,107 6.34%
Recalculated under Proposition 111 as passed by the voters in June 1990. Source for revised CPI
and population growth: State Department of Finance, Demographic Research Unit.
As a result of the Proposition 111 audit, this calculation has been corrected for 1992-93 forward to
reflect greater of County or City population change.
MJW:Gannlmt
6/10/99