HomeMy WebLinkAboutAgenda Report - June 1, 1988 (58)COUNCIL COMMUNICATION
TO: THE CI'T'Y COUNCIL COUNCIL MEETING DATE: JUNE 1, 1988
FROM: 11E CITY MANAGER'S OFFICE
SUB=: 1988-89 APPROPRIATIONS SPENDING LIMIT
RECOV14ENDED ACPICN: That the Lodi City Cot:ncil set the 1988-89 Appropriations Spending
Limit at $26,918,609.
R9WOUND HISTORY: Article XIIIB of the California State Constitution specifies that an
Appropriations Spending Limit shall be established.
The Spending Limit shall be adjusted each year by the changes in population (+4.96$) and
Consurmr Price Index (+3.93$).
The revised 1987-88 Limit of $24,677,559, increased by population. and Consumer Price Irdex,
yields a 1988-89 Spending Limit of 520,918,609.
(1.0496) (1.0393) = 1.0908
(1.0908) ($24,677,659) _ $26,918,609
RESOLUTION W. 88-70
RESOLUTION ADOPTING AN APPROPRIATIONS SPENDING
LIMIT FOR 1988-89 I N COMPLIANCE WITH PROPOSITION 4
ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION
RESOLVED, that the City Council of the City of Lodi does hereby adopt
e following Appropriations Spending Limit for 1988-89 in compliance
i t h Proposition 4, now Article XIIIB of the California State
rsti tution:
Total Appropriations Spending
Limit for 198:-88 as adopted .by
the City of Lodi $24 ,677,859
Increased by allowable accumulated
growth and U.S. Consumer Price
Index of 9.08p
Therefore, the Appropriations
Spending Limit for 1988-89 $26,918,609
Dated: June 1, 1988
I hereby certify that Resolution No. 88-70 was passed and adopted by
the City Council of the City of Lodi in a regular meeting held June
1, 1988 by the following vote:
Ayes : Council Members - Ninchman, Olson, Reid, Snider and
Pinkerton (Mayor)
Foes : Council Members - None
Absent: Council Members - None
IL
Alice M. Reimche
City Clerk