HomeMy WebLinkAbout2007-06-26; City Council; Resolution 2007-155Exhibit 6
1 RESOLUTION NO. 2007-155
2 A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, ESTABLISHING
3 THE 2007-08 APPROPRIATION LIMIT AS REQUIRED
BY ARTICLE XIIIB OF THE CALIFORNIA STATE
4 CONSTITUTION AND STATE LAW
5
6 WHEREAS, Article XIIIB of the California State Constitution requires that
7 governments annually establish a limit on the appropriation of proceeds of taxes; and
8 WHEREAS, State law requires that this limit be presented to the governing body
9 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.
12
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
13
Carlsbad, California, as follows:14
1. That the above recitations are true and correct.
16 2. That the City Council of the City of Carlsbad, California, does hereby
17 establish and adopt the 2007-08 appropriation limit of one hundred seventy-eight
18 million, six hundred and three thousand, eight hundred and ninety-seven
19 ($178,603,897) as computed in Exhibit 6-A attached hereto.
20 3. That the City Clerk is directed to publish this Resolution in a
21 newspaper of general circulation.
22
23
24
25
26 >"
27 ///
28
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
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council
of the City of Carlsbad on the 26th day of June, 2007, by the following vote to wit:
AYES: Council Members Lewis, Kulchin, Hall, Packard and Nygaard.
NOES: None.
ABSENT: None.
LEWIS, Mayor
ATTEST:
LORRAINE
(SEAL)
. WOOD, City Clerk
Exhibit 6-A
CITY OF CARLSBAD
GANN APPROPRIATIONS LIMIT
The Appropriations Limitation imposed by Proposition 4 and modified by Proposition 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 111 allows the City to annually choose among the
following options for calculating its Gann Limit:
> 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 2007-08 Limit were:
> Population growth in Carlsbad, AND
> Growth in California per capita income
The formula is outlined below:
2006-07 Expenditure Limit $166.499.391
% Carlsbad Population Growth 1.0273
Growth in California per capita income X 1.0442
Net Increase Factor 1.0727
2007-08 Limit (2006-07 Limit X Factor) $178.603.897
Current Appropriation of Proceeds of Taxes $105,645,546
(Subject to the Limit)
The spending limit for the City of Carlsbad for 2007-08 is $178.6 million, with appropriations of
"proceeds of taxes" of $105.6 million. The result of the calculation provides the City with an
operating margin of $73 million.
D-11