HomeMy WebLinkAboutCC RESO 92-148RESOLUTION NO. 92-148
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
ESTABLISHING THE ANNUAL APPROPRIATIONS
LIMIT FOR FISCAL YEAR 1992-93
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 of the California Constitution provides that
appropriations made by State and local governments shall be changed annually by a factor
comprised of the change in population and the change in the cost of living; and
WHEREAS, the voters of California on June 5, 1990 enacted Proposition
111 updating the calculation of appropriations limit of the State and local governments;
and
S, the
ations for
he
National City for fiscal 1992-931 are shown ton Attachments is 1-4 propriations ttached hereto an ofit of the City
incorporated herein by reference. d
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of National City that the calculations used to determine the appropriations subject to
limitation for Fiscal Year 1992-93 are set forth in Attachment 5.
BE IT FURTHER RESOLVED that the schedule to calculate the change in
cost of living adjustment factor due to change in local valuation from non-residential new
construction is set forth in Attachment 4.
BE IT FURTHER RESOLVED that the change in cost of living adjustment
factor to be used in calculating the appropriations limit for fiscal year 1992-93 shall be
as set forth in Attachment 3.
BE IT FURTHER RESOLVED that the population change factor to be used
in calculating the appropriations limit for fiscal year 1992-93 shall be as set forth in
Attachment 2.
Continued on Page Two
Resolution No. 9 2_ 1 4 8
Page Two of Two
BE IT FURTHER RESOLVED that the appropriations limit for fiscal year
1992-93 shall be $41,264,636 as set forth in Attachment 1.
PASSED and ADOPTED this 4th day of August, 1992.
George H. Waters, Mayor
AI LEST:
Anne Peoples, City Cl
APPROVED AS TO' FORM:
GedrrgeT tiser, IIgik0-110
I
City Attorney