HomeMy WebLinkAboutCC RESO 2004 - 106RESOLUTION NO. 2004 — 106
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 2003-2004
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 govemments 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, each city may choose as its change in cost of living
adjustment factor either (1) the growth in California per capita income, or (1) 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 2003-2004, the change in cost of living adjustment
factor shall be the growth in California per capita income and the change in population
adjustment factor shall be the population growth of San Diego County.
BE IT FURTHER RESOLVED that the appropriations limit for fiscal year
2003-2004 shall be $33,287,660, as set forth in "Attachment 1".
PASSED and ADOPTED this 15th day of June, 2004.
ATTEST:
N
Mic .el Dalla, City Jerk
Nick Inzun a
yor
APPROVED AS TO FORM:
George H. iser, III, City Attorney