HomeMy WebLinkAboutResolution - 3060 STATE OF CALIFORNIA ) RESOLUTION NO. 3060
COUNTY OF RIVERSIDE) SS
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JACINTO, CALIFORNIA, ESTABLISHING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2007-2008
WHEREAS, Article XIIIB of the California Constitution provides for
establishment of a formal appropriations limit from the proceeds of taxes; and
WHEREAS, a formal appropriations limit has not been established for
Fiscal Year 2007-2008; and
WHEREAS, the California Department of Finance has provided per capita
personal income and population change data for calculating the allowed
increases in the appropriations limit for fiscal year 2007-2008; and
WHEREAS, the California personal income tax factor has increased for
fiscal year 2007-2008; and
WHEREAS, the City of San Jacinto elects to select the methods of
calculation using 1) the increase in the California Per Capita Income in lieu of the
growth in the non-residential assessed valuation due to new construction within
the City and 2) the population growth of the City in lieu of the population growth
within the County of Riverside, and
WHEREAS, attachment A to this resolution provides the calculation for the
2007-2008 appropriations limit;
NOW, THEREFORE, BE IT RESOLVED, determined, and ordered by the
City Council of the City of San Jacinto, County of Riverside, State of California,
as follows:
The appropriations limit from proceeds of taxes is hereby established as
$31,225,373 for fiscal year 2007-2008.
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