HomeMy WebLinkAboutResolution - 2542 �.- STATE OF CALIFORNIA ) RESOLUTION NO. 2542
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 2003-2004
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 2003-2004; 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 2003-2004; and
WHEREAS, the California personal income tax factor has decreased for
,%W fiscal year 2003--2004; and
WHEREAS, the City of San Jacinto elects to use the alternative method of
calculation using the increase in non-residential new construction has been used
in lieu of the California personal income tax factor decrease; and
WHEREAS, attachment A to this resolution provides the calculation for the
2003-2004 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
$20,539,693 for fiscal year 2003-2004.
rage i of 2
APPROVED AND ADOPTED this 20t�' day of May, 2004 by the
following vote:
Ayes: Carlson-Buydos, Conner, Shaw, Stubblefield, Ayres
Nays: None
Absent: None
Abstain: None
City of San Jacinto
B Jim Ayre Mayor
ATTEST:
oq,,.k.1Lp- pZid
D othy L. Ch inard, City Clerk
Pagc 2 uC2