HomeMy WebLinkAbout1993-06-15; City Council; Resolution 93-171'a 0 0
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RESOLUTION NO. 93-17 1
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA ESTABLISHING THE
XIIIB OF THE CALIFORNIA STATE CONSTITUTION AND
1993-94 APPROPRIATION LIMIT AS REQUIRED BY ARTICLE
STATE LAW
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6 WHEREAS, Article XIIIB of the California State Constitution requires tha
7 governments annually establish a limit on the appropriation of proceeds of taxez
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14 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City (
15 Carlsbad, California, as follows:
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WHEREAS, State law requires that this limit be presented to the governin
body of each entity each fiscal year; and
WHEREAS, State law also requires that this limit be published in a newspape
of general circulation to allow public response to the limit as adopted.
1. That the City Council of the City of Carlsbad, California, does here1
establish and adopt the 1993-94 appropriation limit of one hundred million, on
l8 1 hundred nineteen thousand, one hundred sixty nine dollars ($100,119,169) 2 19 i
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computed in Exhibit A attached hereto.
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2. That the City Clerk is directed to publish this Resolution in a newspape:
1 of general circulation.
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ABSENT: None
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PASSED, APPROVED AND ADOPTED at a regular meeting of the City Councj
on the 15 th day of J~E , 1993, by the following vote, to wit
AYES: Council Members Lewis, Stanton, Kulchin, Nygaard, Finnila
NOES: None
ATTEST:
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GANN APPROPRIATIONS LIMIT
The Appropriations Limitation imposed by Proposition 4 and modified by Proposition 11'
creates a restriction on the amount of revenue which can be appropriated in any fisc2
year. The revenues which are subject to the Limitation are those considered "proceeds c
taxes." The basis for calculating the Limit began in fiscal year 1978-79 and is increase1
based on population growth and inflation.
The major change made by Proposition 111 allows the City to annually choose among th
following options for calculating its Gam 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 1993-94 Limit were:
F Population growth in the City of Carlsbad, AND
b Growth in California per capita income.
The formula is outlined below:
1992-93 Expenditure Limit (Recalculated to
reflect non-residential growth)
$95,323,26
Yo City Population Growth
Growth in California per capita income
Net Increase Factor
1.022
X 1.027
1.05C
1993-94 Limit (1989-90 Limit X Factor) $100,119,16
Current Appropriation of Proceeds of Taxes $30,215,26
The spending limit for the City of Carlsbad for 1993-94 is $1 00,119,169 wil
appropriations of "proceeds of taxes" of $30,215,268. The result ' of the calculatic
provides the City with an operating margin of $69.9 million.
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