HomeMy WebLinkAboutResolution - 3384 STATE OF CALIFORNIA ) RESOLUTION NO. 3384
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 2011-2012
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 Year2011-2012; 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 2011-2012; and
WHEREAS, the California personal income tax factor has
decreased for fiscal year 2011-2012; and
WHEREAS, the City of San Jacinto elects to select the methods of
calculation using 1) the decrease 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 City in lieu of the population
growth within the County of Riverside, and
WHEREAS, attachment A to this resolution provides the calculation
for the 2011-2012 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
$36,240,968 for fiscal year 2011-2012.
Page 1 of 2
PASSED, APPROVED AND ADOPTED this 21" day of June,
2011 , by the following vote:
Ayes: Bartel, Di Memmo, Ledezma, Miller
Nays: None
Absent: Kotyuk
Abstain: None
Scott Miller, Mayor
ATTES T:
Jt'z
Richard Miller, City Clerk
APPROVED AS TO FORM:
Best, Best & Krieger, LLP
Jeffr S. Balf nge�ity Attorney
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Attachment A
CITY OF SAN JACINTO
APPROPRIATIONS LIMIT
FISCAL YEAR 2011-12
Amount
A. Fiscal Year 2010-2011 Appropriation Limit S 34,723,549
B. Adjustment Factors:
1. County Population Percentage% change of 1.81% 1.0181
2. Slate Per Capita Personal Income% change of 2.51% 1.0251
B.1. x B.2. = 1.0437
C. Fiscal Year 2011-2012 Appropriation Limit -A. X 1.0437— $ 36,240,968