HomeMy WebLinkAboutResolution - 2970 STATE OF CALIFORNIA ) RESOLUTION NO. 2970
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 2005-2006
WHEREAS, Article XIIIB of the Califomia 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 2005-2006; 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 2005-2006; and
WHEREAS, the California personal income tax factor has increased
for fiscal year 2005-2006; and
WHEREAS, the City of San Jacinto elects to select the methods of
calculation using 1) the increase in the Califomia 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 2005-2006 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
Califomia, as follows:
The appropriations limit from proceeds of taxes is hereby established as
$24,134,151 for fiscal year 2005-2006.
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