HomeMy WebLinkAboutResolution - 2978 STATE OF CALIFORNIA ) RESOLUTION NO. 2978
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 2006-2007
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 2006-2007; 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 2006-2007; and
WHEREAS, the California personal income tax factor has increased for
fiscal year 2006-2007; 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
2006-2007 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
$27,235,389 for fiscal year 2006-2007.
Page 1 of 2