HomeMy WebLinkAboutReso 051-94 AppropLimFY91-2RESOLUTION NO. 51 - 94
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ADOPTING THE BASE APPROPRIATIONS LIMIT FOR FISCAL YEAR 1991-92
AS ADJUSTED BY FACTORS ALLOWED BY THE PASSAGE OF PROPOSITION 111
WHEREAS, the City is required to annually adopt an Appropriations
Limit in accordance with the State Constitution; and
WHEREAS, in June of 1990 the voters of California adopted
Proposition 111 which revised the formula for calculating the
Appropriations Limit; and
WHEREAS, prior to June of 1990 adjustments to the Limit were based
upon the change in the City population and the lesser of: (1) the
change in the U. S. Consumer Price Index, or, (2) the change in the
State per capita personal income; and
WHEREAS, Proposition 111 allowed the recalculation of the
Appropriations Limit starting with 1986-87 and adjusting each
subsequent year by the change in population and either: (1) the change
in the State per capita income, or (2) the change in the assessed
valuation of local non-residential construction; and
WHEREAS, the 1992/93 Budget Document presented a revised base
Appropriations Limit for Fiscal Year 1991-92 of $17,644,667; and
WHEREAS, the revised base Limit was calculated by starting with
the 1986-87 Limit and adjusting it by (1) the growth in the City
population except for FY 91/92, when the change in the county
population factor was used, and (2) the change in State per capita
personal income as allowed under Proposition 111.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of Dublin does hereby adopt the Appropriations Limit for Fiscal Year
1991-1992 as $17,644,677.
BE IT FURTHER RESOLVED that said Limit was calculated in
accordance with State Law and shall be utilized as the base limit for
calculations in subsequent years.
PASSED, APPROVED AND ADOPTED this 21st day of June, 1994.
AYES: Councilmembers Burton, Houston, Howard, Moffatt and Mayor
Snyder
NOES: None
ABSENT: None
a: Approp92. doc, agenda#15