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HomeMy WebLinkAboutResolution - 3772I' 11 STATE OF CALIFORNIA) RESOLUTION NO.3772 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 2019-2020 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 2019-2020; 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 2019-2020; and WHEREAS, the California personal income tax factor has increased for fiscal year 2019-2020; 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 City of San Jacinto in lieu of the population growth within the County, and WHEREAS, attachment A to this resolution provides the calculation for the 2019-2020 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 $56,805,549 for fiscal year 2019-2020. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on this 18th day of June, 2019, by the following vote: AYES: Kotyuk, Lopez, Ruiz, Utz NAYS: None ABSENT: Ledezma ABSTAIN: None ATTEST: 140518010,W- .121-M-166,CityClerk APPROVED AS TO FORM: BEST BEST & KRIEGER LLP Michael J. Maurer, City Attorney I11 CITY OF SAN JACINTO: Russell Utz, Mayor CERTIFICATION I, Angela Walton, duly appointed City Clerk of the City of San Jacinto, do hereby certify that the foregoing Resolution No. 3772 was passed, approved and adopted at a regular meeting of the City Council of the City of San Jacinto held on the 181h day of June, 2019, by the following vote: AYES: Kotyuk, Lopez, Ruiz, Utz NAYS: None ABSENT: Ledezma ABSTAIN: None WITNESS MY HAND AND OFFICIAL SEAL this 18th day of June, 2019. fi�' a alton, City Clerk Ci of San Jacinto Pil