HomeMy WebLinkAboutResolution - 3584 STATE OF CALIFORNIA ) RESOLUTION NO. 3584
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 2015-2016
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 2015-2016; 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 2015-2016; and
WHEREAS, the California personal income tax factor has increased for
fiscal year 2015-2016; 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
increase in the non-residential assessed valuation due to new construction 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
2015-2016 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
$45,105,832 for fiscal year 2015-2016.
PASSED, APPROVED AND ADOPTED this 18th day of June, 2015, by
the following vote:
Ayes: Bartel, Ledezma, Miller, Ruiz
Nays: None
Absent: Kotyuk
Abstain: None
Cry�stal uiz, Mayor
ATTEST:
Richard Miller, City Clerk
Attachment A
�I
i
a
CITY OF SAN JACINTO
APPROPRIATIONS LINIIT
FISCAL YEAR 2015-16
Amount
A. Fiscal Year 2014-2015 Appropriation Limit $ 42,892,575
B. Adjustment Factors:
1. County Population Percentage %change of 1.29% 1.0129
2. State Per Capita Personal Income%change of 3.82% 1.0382
x
B.1. x B.2.= 1.0516
C. Fiscal Year 2015-2016 Appropriation Limit- A. X 1.0516= $ 45,105,832
t