HomeMy WebLinkAboutCity Council Resolution 93-026
RESOLUTION NO, 93-026
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE 1993-94 FISCAL YEAR
APPROPRIATIOn: LIKIT 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 revised Proposition
111 1992-93 Fiscal Year Appropriation Limit as $13,046,473
(Thirteen Million, Forty-Six Thousand, Four Hundred Seventy-three
Dollars); and
WHEREAS, to the best of this City I S knowledge and belief, the State
Department of Finance figures provided to this City in response to
Propos i tion 111 passed by the voters in June 1990, as audited,
reflect the appropriate statistics relevant to the calcula.tion of
the 1993-94 Fiscal Year Appropriation Limit:
Consumer Price Index change on a March-to-March basis for the
period ending March, 1993, plus 2.72% (Two point seven two
percent) ;
Population adjustments for 1993, plus .88% (point eight eight
percent) .
NOW, THEREFORE, 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 1993-94 Fiscal Year
Appropriation Limit for the City of Saratoga: $13,519,269
(Thirteen Hi 11 ion , Five Hundred Nineteen Thousand, Two Hundred
Sixty-nine 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 16th day
of June, 1993 by the fOllowing vote:
AYES: Councilmembers Burger, Kohler, Mania, Tucker and Mayor Anderson
NOES: None
~¿;t¡~/rv-
MAYOR
ABSENT: None
ATTEST:
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Deputy City C1~r~
APPROPRIATIONS LIMIT--6/30/94
GANN LIMIT-86/87 $9,997,500
POPULATION CHANGE $62,984 0.63% ·
$10,060/,485
CPI/PERSONAL INCOME $349,099 3.47% ..
GANN LIMIT-87/88 $10,409,583
POPULATION CHANGE $123,874 1.19% ·
$10,533,451
CPI/PERSONAL INCOME $490,859 4.66% ·
GANH LIMIT-88/89 $11,024,317
POPULATION CHANGE $146,623 1..33% ·
$11,170,940
CPI/PERSONAL INCOME $579,172 5..19% ·
GANN LIHIT-89/90 $11,150,112
POPULATION CHANGE $158,635 1.35% ·
$11,909,346
CPI/pERSONAL INCOME $501,383 4.21% ·
GAHN LIMIT-90j91 $12,410,730
POPULATION CHANGE $162,581 1.31% ·
$12,573,310
CPI/PERSONAL INCOME $520,535 4.14% ·
GANN LIMIT-91/92 $13,093,845
POPULATION CHANGE $36,663 0.28% ·
$13,130,508
CPI/PERSONAL INCOME ($84,035) -0.64% ·
GAlOf LIMIT-92/93 $13,046,473
POPULATION CHANGE $114,809 0.88% ·
$13,161,282
CPI/PERSONAL INCOME $357,987 2.72% ·
GANN LIMIT-93/94 $13,519,269
RECALCULATED UNDER PROP 111 AS PASSED BY THE VOTERS IN JUNE 1990
SOURCE FOR REVISED C.P.I. AND COUNTY POPULATION GROWTH:
STATE DEPT OP FINANCE, DEMOGRAPHIC RESEARCH UNIT
*AUDITOR ADJUSTMENT