HomeMy WebLinkAboutCC RESO 14,954RESOLUTION NO. 14,954
RESOLUTION ESTABLISHING THE ANNUAL APPROPRIATIONS
LIMIT FOR FISCAL YEAR 1986-87
WHEREAS, the voters of California on November 6, 1979, added
Article XIII-B to the California Constitution placing various limitations
on the appropriations of the State and local governments; and
WHEREAS, Article XIII-B provides that the appropriations limit for
fiscal year 1986-87 is calculated by adjusting the appropriations limit for
the prior fiscal year for changes in the cost of living and population; and
WHEREAS, the City of National City has complied with all the
provisions of Article XIII-B in determining the appropriations limit for
fiscal year 1986-87.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
National City that the appropriations limit for fiscal year 1986-87 shall
be $14,490,646 calculated as follows:
Appropriations limit -fiscal year 1985-86 $14,266,144
Annual growth rate:
Price change factor 1.0230
Population change factor .9929
Appropriations limit -fiscal year 1986-87 $14,490,646
PASSED and ADOPTED this 27th day of May, 1986.
ATTEST:
APPROVED AS TO FORM: