HomeMy Public PortalAboutResolution 92-31641
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RESOLUTION NO. 92-3164
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMPLE CITY CONFIRMING THE FACTORS USED FOR
CALCULATING THE ANNUAL APPROPRIATIONS LIMIT FOR THE
FISCAL YEAR 1992 -93
WHEREAS, the voters of California in November, 1979 added Article
XIIIB (Proposition 4) to the State Constitution placing various
limitations on the appropriations of the State and local governments;
and
WHEREAS, the voters of California in June, 1990 modified Article
XIIIB by approving Proposition 111 and SB 88 (Chapter 60/90) which
revised the annual adjustment factors to be applied to the 1986 -87 Limit
and each year thereafter; and
WHEREAS, the decision as to which of the factors: a) either the
California Per Capita Income or the percentage change in the local
assessment roll from the preceding year due to the addition of local
non - residential construction in the city; b) either the city's own
population growth or the entire country; must be done by a recorded vote
of the City Council; and
WHEREAS, the City of Temple City has complied with all the
provisions of Article XIIIB in determining the Appropriations Limit for
Fiscal Year 1992 -93.
NOW, THEREFORE, the City Council of the City of Temple City does
resolve, determine and order as follows:
SECTION 1. The adjustment factors (the California Per Capita
Income and the population growth of the entire country) are to be
applied to the 1986 -87 Limit and each year thereafter.
SECTION 2. The accumulated growth in the calculation of these new
factors are to be applied to the Appropriations Limit in Fiscal Year
1992 -93.
SECTION 3. The Appropriations Limit for Fiscal Year 1992 -93 shall
be $6,864,194 for the City of Temple City as determined by Exhibit A,
attached hereto.
SECTION 4. The City Clerk shall certify to the passage and
adoption of this resolution and enter it into the book of original
resolutions.
APPROVED AND ADOPTED this 7th day of July, 1992
Resolution No. 92 -3164
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I hereby certify that the foregoing resolution, Resolution No. 92-
3164 was duly adopted by the City Council of the City of Temple City at
a regular meeting held on the 7th day of July, 1992 by the following
vote:
AYES: Councilmember- Breazeal,Budds,Wilson,Manning
NOES: Councilmember -None
ABSENT: Councilmember- McGowan
City Clerk
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