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HomeMy WebLinkAboutReso 046-87 ApproprLimit 87-8 RESOLUTION NO. 46- 87 A RESOLUTION OF THE CITY COUNCIL OF TIlE CITY OF DUBLIN ADOPTING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 1987-88 WHEREAS, the voters of the State of California, in November, 1979, approved the addition of Article XIIIB to the California Constitution, popularly known as Proposition 4; and WHEREAS, Article XIIIB of the California Constitution places certain restrictions on appropriations made by cities fen California beginning July 1, 1980; and WHEREAS, on November 24, 1981, 'the Alameda County Board of Supervisors adopted Resolution No. 092103 which established an apgropriahions limit of $5,361,000 effective February I, 1982 for the newly incorporated City of Dublin; and WIIEREAS, restrictions on City appropriations are based upon those appropriations funded by Proceeds of Taxes and adjusted by changes in the Ci~y's population plus ~he lesser of ~zhe change in the State Per Capi'ta Personal Income or CPI. NOW, TtIEREFORE, BE IT RESOLVED that 'hhe City Council of the City of Dublin does hereby adopt the City's Appropriations Limit for Fiscal Year 1987-88 of $9,670,616 which has been calculated in accordance with stahe law. PASSED, APPROVED AND ADOPTED this 23rd day of June, 1907. AYES: Councilmembers Hegarty, Moffatt, Snyder, Vonheeder and Mayor Jeffery NOES: None ABSENT: None City Ci~