Loading...
HomeMy WebLinkAboutResolution - 3996Resolution No. 3996 Page 1 of 3 STATE OF CALIFORNIA ) RESOLUTION NO. 3996 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 2023-2024 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 2023-2024; 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 2023-2024; and WHEREAS, the California personal income tax factor has increased for fiscal year 2023-2024; 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 Riverside County in lieu of the population growth within the City, and WHEREAS, attachment A to this resolution provides the calculation for the 2023-2024 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 $72,855,334 for fiscal year 2023-2024. DocuSign Envelope ID: DECC6D3D-AB60-4561-BBF9-0ADED7FCC3ED Resolution No. 3996 Page 2 of 3 PASSED, APPROVED AND ADOPTED this 18th day of July, 2023, by the following vote: AYES: Ruiz, Vandever, Hawkins, Ledezma NAYS: None ABSENT: Ayala ABSTAIN: None CITY OF SAN JACINTO: Alonso Ledezma, Mayor ATTEST: __ Julia Espinoza, City Clerk APPROVED AS TO FORM: Best Best & Krieger LLP _____________________________ Craig Hayes, City Attorney DocuSign Envelope ID: DECC6D3D-AB60-4561-BBF9-0ADED7FCC3ED Resolution No. 3996 Page 3 of 3 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE) ss CITY OF SAN JACINTO ) CERTIFICATION I, Julia Espinoza, City Clerk of the City of San Jacinto, DO HEREBY CERTIFY that the foregoing Resolution No. 3996 was passed, approved, and adopted at a regular meeting of the City Council of the City of San Jacinto held on the 18th day of July 2023, by the following vote: AYES: Ruiz, Vandever, Hawkins, Ledezma NAYS: None ABSENT: Ayala ABSTAIN: None WITNESS MY HAND AND OFFICIAL SEAL this 18th day of July 2023. __________________________ Julia Espinoza, City Clerk City of San Jacinto DocuSign Envelope ID: DECC6D3D-AB60-4561-BBF9-0ADED7FCC3ED