HomeMy WebLinkAbout1994-06-21; City Council; Resolution 94-166)? - II 0 0
1
2
3
4
5
RESOLUTION NO. 9 4 - 16 6
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA ESTABLISHING
BY ARTICLE XlllB OF THE CALIFORNIA STATE
CONSTITUTION AND STATE LAW
THE 1994-95 APPROPRIATION LIMIT AS REQUIRED
6
7
8
9
WHEREAS, Article XlllB of the California State Constitution requires
that governments annually establish a limit on the appropriation of proceeds
of taxes; and
10
governing body of each entity each fiscal year; and 11
WHEREAS, State law requires that this limit be presented to the
WHEREAS, State law also requires that this limit be published in a 12
I.3 // newspaper of general circulation to allow public response to the limit as
14
15
16
adopted.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
17 of Carlsbad, California, as follows:
18 1. That the City Council of the City of Carlsbad, California, does
19 hereby establish and adopt the 1994-95 appropriation limit of one hundred
20
21
two million, two hundred sixty-one thousand, eight hundred and one dollars
II ($1 02,261,801) as computed in Exhibit A attached hereto. 22
23 Ill
24 Ill
25 I! /I/
26
27
28
Ill
I//
4.
'
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
0 e
2. That the City Clerk is directed to publish this Resolution in a
newspaper of general circulation.
PASSED, APPROVED AND ADOPTED at a regular meeting of the
City Council on the 21 st day of JUNE , 1994, by the
following vote, to wit:
AYES: Council Members Lewis, Stanton, Kulchin, Nygaard, Finnj
NOES: None
ABSENT: None
(SEAL)
4. e a EXHIBIT A
6 b
CITY OF CARLSBAD
GANN APPROPRIATIONS LIMIT
The Appropriations Limitation imposed by Proposition 4 and modified by Proposition 11 1
creates a restriction on the amount of revenue which can be appropriated in any fiscal
year. The revenues which are subject to the Limitation are those considered "proceeds
of taxes." The basis for calculating the Limit began in fiscal year 1978-79 and is increased
based on population growth and inflation.
The major change made by Proposition 11 1 allows the City to annually choose among
the following options for calculating its Gann Limit:
b Growth in California per capita income, OR
b Growth in non-residential assessed valuation due to new construction in the
City,
AND
b Population growth of Carlsbad, OR
b Population growth within San Diego County.
The factors used to calculate the 1994-95 Limit were:
b Population growth in San Diego County, AND
b Growth in California per capita income.
The formula is outlined below:
1993-94 Expenditure Limit $1 00,119,169
% County Population Growth 1.01 42
Growth in California per capita income X 1.0071
Net Increase Factor 1.021 4
1994-95 Limit (1 993-94 Limit X Factor) $1 02,261,801
Current Appropriation of Proceeds of Taxes $31 , 1 29,029
The spending limit for the City of Carlsbad for 1994-95 is $1 02,261,801 with appropria-
tions of "proceeds of taxes" of $31 ,129,029. The result of the calculation provides the City
with an operating margin of $71.1 million.