HomeMy WebLinkAbout1988-06-21; City Council; Resolution 88-205t
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KESGLTY;TIZ.N NO. 88-205
A RESOLUTION OF THE CITY COliYCIi OF THE CITY OF C-AXLSEAD,
CALIFORNIA, ESTABLISHIKG THE 1985-89 APFROPRIATIGK LIXIT
AS REQGIREii 3k' -AXTICLE XIIIB OF T'rlE CALIFORNIA STATE
CONSTITUTION AND STATE LAW.
5 IGEREAS, Article XIIIB of the California State Constitution reqnil
6 governments annually establish a limit on tlze appropriation of proceeci:
7 11 taxes, and
8 i%XERZAS, state law requires that this iiinit be presented to the go
9 body of each entity each fiscal year with the operating budget, and
10 IaZEREAS, state law also requires that this limit be published in a
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newspaper of general circulation to allow public response to the limit.
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NOW, THEBEFORE, BE IT RESOLVED as follows:
1. That the City Council of the City of Carlsbad, California, d<
l5 I/ establish and adopt the 1988-89 appropriation limit of thirty six n~iili
I.6 !! hundred fifty-5ive thousand. three hundred and seventy-one doliars
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<$36,255,371) as conlputed in Exhibit F attached hereto.
2. That the the City Clerk is directed to publish this resolutic
l9 1) newspaper of general circulation.
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PASSED. APPROVED AND ADOPTED at a regular meeting of the City Cox
the City of Carlsbad, Caiiforaia held cn tile 21 st day Of June , 19s8
fcllowing vote, to wit:
AYES: Council Members Lewis, Kulchin, Mamaux, Pettine & Larson
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NOES: None
AESEXT : None
26 I/ 27 11 ATTEST:
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ALETHA L. RAUTEXKXfiNZ, City Clerk
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L 0 0 Exhi bit
Gann Limit - Appropriations Subject to Limit
In 1979, Proposition 4, the "Gam" initiative, was passed. The purpose'of t
law is to limit government spending by putting a cap on the total proceeds c
taxes that may be appropriated each year. This limit is increased each yea1
through a formula that takes into consideration changes in the Consumer pric
Index and state per-capita income. When a city reaches this limit, excess t
revenue must be returned to the State or citizens through a process of refun
rebates, or other means that may be defined at that time. The Gann limit fo
City of Carlsbad has increased steadily since 1979 and still provides the Ci
with a comfortable operating margin. The spending limit for the City of Car
for 1988-89 is $36.3 million, with appropriations of "proceeds of taxes" of
26.4 million. This allows the City a margin of $9.9 million.
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I CITY OF CARLSBAD
PROPOSITION 4 SPENDING LlMIT VS. APPROPRIATION OF PROCEEDS OF TAXES
40 1 (Millions)
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'1: 81 82 83 84 85 88 81 08 89
FISCAL YEAR = APPROP OF TAXES M SPENDING I." -
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CITY OF CARLSBAD CALCULATION OF APPROPRIATION LIMIT FISCAL YEAR 1988-89
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1 987-88 EXPENDITURE LIMIT $31,936,660 (SEE RESOLUTION NO. 9296 11/7/87) CITY OF CARLSBAD CALCULATION OF APPROPRIATION LIMIT FISCAL YEAR 1988-89
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1987-88 EXPENDITURE LIMIT (SEE RESOLUTION NO. 9296 11/7/87) $31,936,660
INFLATION FACTOR :
CHANGE IN CONSUMER PRICE INDEX 3.93% POPULATION CHANGE 9.23%
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NET INCREASE FACTOR 113.52%
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1988-89 LIMIT (1987-88 LIMIT X FACTOR) $36,255,371
CIJRRENT APPROPRIATION OF PROCEEDS OF TAXES $26,391,000
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NET AVAILABLE LIMIT $9,864,371
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