HomeMy WebLinkAboutAgenda Report - June 20, 1990 (59)COoNCIL COMMUNICATION
TO: THE CITY COUNCIL
FROM: THE CITY MANAGM'S OFFICE
COUNCIL MMTING DATE: JUNE 20, 1990
SUBJECT: 1990-91 APPROPRIATIONS SPENDING Luvtu
im00Mh4�1DID ACTION: That the Lodi City Council set the 1990-91
Appropriations Spending Limit at $30,875,992.
BACKGROUND HISTORY: Article XIIIB of the California State Constitution
specifies that an annual Appropriations Spending Limit shall be
established.
The Spending Limit shall be adjusted each year by the changes in
population (+2.26$) and the lesser of the Consumer Price Index or the
California Per Capita Personal Incame (+4.218).
The 1989-90 Limit of $28,972,499, increased by population and California
Per Capita personal Income, yields a 1990-91 Spending Limit of $30,875,992.
(1.0226) (1.0421) = 1.0657
(1.0657) ($28,972,499) _ $30,875,992
OMn t�_-_ sa:11
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Attachment
CC APPRO/TXTF.06S
Approved,
U ZI I A I WAI I I I 'WA =I M 1 • 1 1
RESOLVED, that the City Council of the City of Lodi does hereby adopt
the following Appropriations Spending Limit for 1990-91 i n compliance
with Proposition 4, rxw Article XIIIB of the California State
Const it ut i ar
Total Appropriations Spending
Limit for 1989-90 as adopted by
the City of Lodi $28,972,499
Increased by allowable accumulated
growth and California Per Capita
Income of 4.21%
Therefore, the Appropriations
Spending Limit for 1990-91 $30,875,992
Dated: June 20, 1990
I hereby certify that Resolution No. 90-93 was passed and adopted by
the City Council of the City of Lodi i n a regular meeting held June
20, 1990 by the following vote:
Ayes: Council Members - Hinchman, Olson, Pinkerton, Reid
and Snider (Mayor)
Noes: Council Members - None
Absent: Council Members - None
ni fer Perrin
Deputy City Clerk
90-93
R_APPRO/TXTA.02J
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