HomeMy Public PortalAboutResolution 94-33461
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RESOLUTION NO. 94 -3346
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 1994 -95
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 1994 -95.
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 City) 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 1994 -95.
SECTION 3. The Appropriations Limit for Fiscal Year 1994 -95 shall be $7,259,099 for the City
of Temple City as determined by Exhibit A, attached hereto.
SECTION 4. The City Clerk shall certify to the adoption of this resolution.
APPROVED AND ADOPTED this 5th day of July, 1994
A'Pl'EST:
MAYOR
I hereby certify that the foregoing resolution, Resolution No. 94 -3346 was duly adopted by the City
Council of the City of Temple City at a regular meeting held on the 5th day of July, 1994 by the following
vote:
AYES: Councilmember- Gillanders, Souder, Wilson, Breazeal, Budds
NOES: Councilmember -None
ABSENT: Councilmember -None