HomeMy WebLinkAboutCC RESO 14,055RESOLUTION NO. 14,055
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF NATIONAL CITY, CALIFORNIA
ESTABLISHING THE ANNUAL APPROPRIATIONS LIMIT
FOR THE FISCAL YEAR 1983-84
WHEREAS, the voters of California on November 6,
1979 added Article XIII-B to the State Constitution
placing various limitations on the appropriations of the
State and local governments; and
WHEREAS, Article XIII-B provides that the
appropriations limit for the fiscal year 1983-84 is
calculated by adjusting the appropriations for the prior
fiscal year for changes in the cost of living and
popoulation; and
WHEREAS, the information necessary for making
these adjustments is attached in Exhibits A and B; 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 1983-84.
NOW, THEREFORE, BE IT RESOLVED that the
appropriations limit for fiscal year 1983-84 shall be
$13,051,597.
ATTEST:
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CITY CLER
CITY OF NATIONAL CITY
APPROPRIATIONS LIMIT
FISCAL YEAR 1983-1984
Appropriations limit - $ 12,493,153
Fiscal year 1982-1983
Annual growth rate ( See Exhibit S ) 1.0447
Appropriation limit -
Fiscal year 1983-1984 $ 13,051,597
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CITY OF NATIONAL CITY
ANNUAL APPROPRIATION GROWTH RATE
FISCAL YEAR 1983-1984
A. Price change factor 1.0235
B. Population change factor 1.0207
C. Annual growth rate to be used
in calculating appropriations
limit for fiscal year 1983-1984
1.0447