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HomeMy WebLinkAboutCC RESO 2002 - 150RESOLUTION NO. 2002 — 150 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY SELECTING ANNUAL ADJUSTMENT FACTORS FOR USE IN ESTABLISHING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2002-2003 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 WHEREAS, Proposition 111 further provides that for fiscal years beginning on or after July 1, 1990, the appropriations limit of each entity of government shall be the appropriations limit for the fiscal year 1986-87 adjusted for the changes made from that fiscal year; and WHEREAS, Proposition 111 further provides that for fiscal years beginning on or after July 1, 1990, each city may choose as its change in cost of living adjustment factor either (1) the growth in California per capita income, or (2) the growth in the non-residential assessed valuation due to new construction within the city; and WHEREAS, Proposition 111 further provides that for fiscal years beginning on or after July 1, 1990, each city may choose as its change in population adjustment factor either (1) the population growth of the city, or (2) the population growth of the entire county. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of National City that for fiscal year 2002-2003, the change in cost of living adjustment factor shall be the growth in California per capita income. BE IT FURTHER RESOLVED that for fiscal year 2002-2003, the change in population adjustment factor shall be the population growth of San Diego County. PASSED and ADOPTED this 1st day of October, 2002. AT 26vieuv/ el R. Dalla TEST: Mic, ity Clerk George H. Waters, Mayor APPROVED AS TO FORM: George H. Eiser, III, City Attorney City of National City Gann Appropriations Limit 2002-03 Schedule A Appropriations Limit - 2001-2002 $ 31,001,939 CA Per Capita Income Increase (A) 1.27% Limit Sub -Total ($31,001,939 x1.0127) $ 31,395,664 SD County Population Increase (A) 1.83% Appropriations Limit - 2002-2003 ($31,395,664 x 1.0183) $ 31,970,204 (A) Source - State of California, Department of Finance 9/18/023:55 PM 1