HomeMy WebLinkAboutResolution - 3520 STATE OF CALIFORNIA ) RESOLUTION NO. 3520
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 2014-2015
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 2014-2015; 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 2014-2015; and
WHEREAS, the California personal income tax factor has increased for
fiscal year 2014-2015; and
WHEREAS, the City of San Jacinto elects to select the methods of
calculation using 1} the increase in the non-residential assessed valuation due to new
construction within the City in lieu of the decrease in the California Per Capita income
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
2014-2015 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
$42,892,575 for fiscal year 2014-2015.
PASSED, APPROVED AND ADOPTED this 15ffi day of July, 2014, by the
following vote:
Ayes: Bartel, Kotyuk, Miller, Ruiz, Ledezma
Nays: None
Absent: None
Abstain: None
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Alonso Ledezma, Mayor
ATTEST:
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Richard Miller, City Clerk