HomeMy WebLinkAboutAgenda Report - June 19, 1985 (92)ADOPTION OF RESOLUTION
ADOPTING AN APPROPRIATION
SPMOING LIN'ST FOR 1985-86
IN CQMPLIANCE WITH
PROPOSITION 4 ARTICLE
XIIIB OF r!'FiE FATE
CONSTITUTION
UTION NO. 85-65
Council was apprised that .Article XIIIB of the
California State Constitution specifies that
appropriations made by governmental entities may
increase annually by the change in population and
the change in either the U. S. Consumer Price
Index, or California per Capita Personal Income
Index, whichever is less.
The California Departrzient of Finance is
responsible for furnishing local jurisdictions
the necessary data to establish appropriation
limits.
The State has reported to us the U. S. Consumer
Price Index as being 3.74%, which is less than
the California per Capita Personal Income Index,
and that Lodi's population increase as 4.04%.
The ratio of that formula is as follows:
1.0374 (U.S. CPI) x 1.0404 (population
increase)
1.0793 (change factor)
This change factor of 1.0793, applied to the
1984-85 appropriation limit of $12,130,783, then
sets Lodi's 1985-86 appropriation limit at
$13,092,754.
The Lodi City Council adopted Resolution No.
85-65 establishing an appropriations spending
limit for 1985-86 in ccinpliance with Proposition
4, Article XIIIB of the State Constitution in
the amount of $13,092,754.
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