HomeMy WebLinkAboutResolution - 3471 STATE OF CALIFORNIA ) RESOLUTION NO. 3471
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 2013-2014
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 2013-2014; 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 2013-2014; and
WHEREAS, the California personal income tax factor has increased for
fiscal year 2013-2014; 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
decrease in the non-residential assessed valuation due to new construction within the
City and 2) the population growth of the County of Riverside in lieu of the population
growth within the City, and
WHEREAS, attachment A to this resolution provides the calculation for the
2013-2014 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
$40,327,731 for fiscal year 2013-2014.
PASSED, APPROVED AND ADOPTED this 18th day of June, 2013, by
the following vote:
Ayes: Kotyuk, Ledezma, Miller, Ruiz, Bartel
Nays: None
Absent: None
Abstain: None
City ofJ San
�Jacinto
Mark Bartel, Mayor
ATTEST:
6 L Z� j'4"
Richard Miller, ity Clerk