HomeMy WebLinkAboutCity Council Resolution 2493 RESOLUTION NO. 2493
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE 1988-89 FISCAL YEAR
APPROPRIATION LIMIT 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
statewide since the Base Year established the 1987-88 Fiscal Year
Appropriations Limit as $10,365,293 (Ten Million, Three Hundred
Sixty-five Thousand, Two hundred Ninety-three Million 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
1988-89 Fiscal Year Appropriation Limit:
Consumer Price Index change on a March-to-March basis for
the period ending March, 1988, plus 3.93% (three point nine
three percent).
Population adjustments for 1988, plus 0.65% (zero point six
five percent).
NOW, THEREFORE, it is hereby resolved as follows:
Section 1: Based on the foregoing figures and the provisions of
Article XlIIB of the Constitution of the State of California, the
following figure accurately represents the 1988-89 Fiscal Year
Appropriation Limit for the City of Saratoga: $10,842,671 (Ten
Million, Eight Hundred Forty-two Thousand, Six Hundred Seventy-
one Dollars).
Section 2: The City Clerk shall certify to the passage of this
r~sol~'tion.
The above and foregoing resolution was passed and adopted at a
regular meeting of the Saratoga City Council held on the 15th day
of June, 1988, by the following vote:
AYES: C~mcilners Anderson, Clovenget, Hlava, Moyles ~d Mayor Peterson
NOES: None ~
/
ABSENT :None
ATTEST:
~eputy City Cler~