HomeMy WebLinkAbout1996-06-18; City Council; Resolution 96-2171
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RESOLUTION NO. 96-217
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
APPROPRIATION LIMIT AS REQUIRED BY ARTICLD(I1lB OF
THE CALIFORNIA STATE CONSTITUTION AND STATE LAW
OF CARLSBAD, CALIFORNIA ESTABLISHING THE 1996-97
WHEREAS, Article XlllB of the California State Constitution requires that
governments annually establish a limit on the appropriation of proceeds of taxes; and
WHEREAS, State law requires that this limit be presented to the governing
body of each entity each fiscal year; and
WHEREAS, State law also requires that this limit be published in a
newspaper of general circulation to allow public response to the limit as adopted.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad, California, as follows:
1. That the City Council of the City of Carlsbad, California, does hereby
establish and adopt the 1996-97 appropriation limit of one hundred fourteen million,
six hundred and twenty-eight thousand, eight hundred and three dollars
($1 14,628,803) as computed in Exhibit A attached hereto.
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 18th day of JUNE , 1996, by the following vote, to wit:
AYES: Council Members Lewis, Nygaard, Kulchin, Finnila, Hal
NOES: None
ABSENT: None
ATTEST:
(SEAL)
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EXHIBIT A
CITY OF CARLSBAD
GANN APPROPRIATIONS LIMIT
The Appropriations Limitation imposed by Proposition 4 and modified by Propositior
111 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:
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Population growth of Carlsbad, OR
Population growth within San Diego County, AND
Growth in California per capita income, OR
Growth in non-residential assessed valuation due to new construction in the
City.
The factors used to calculate the 1996-97 Limit were:
Population growth in Carlsbad, AND
Growth in California per capita income.
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The formula is outlined below:
1995-96 Expenditure Limit $1 06,720,792
% Carlsbad Population Growth 1.0262
Growth in California per capita income X 1.0467
Net Increase Factor 1.0741
$1 14,628,803
$30,203,968
1996-97 Limit (1 995-96 Limit X Factor)
Current Appropriation of Proceeds of Taxes
The spending limit for the City of Carlsbad for 1996-97 is $114.6 million with
appropriations of "proceeds of taxes" of $30.2 million. The result of the calculation
provides the City with an operating margin of $84.4 million.