HomeMy WebLinkAboutResolutions - No. 91-119RESOLUTION NO. 91-119
RESOLUTION SELECTING ANNUAL GROWTH ADJUSTMENT FACTORS
AND ADOPTING A PROVISIONAL APPROPRIATIONS SPENDING LIMIT
FOR 1991-92 IN COMPLIANCE WITH PROPOSITION 111,
ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION
RESOLVED, that the City Council of the City of Lodi does hereby select the
annual growth adjustment factors and adopt a provisional Appropriations Spending
Limit for 1991-92 in compliance with Proposition 111, Article XIIIB of the
California State as follows:
I. 1991-92 Growth Factors Used:
A. Population growth within San Joaquin County of 2.64%
B. Growth in California Per Capita Income of 4.14%
II. Appropriations Spending Limit:
Total Appropriations Spending Limit for 1990-91
(allowing for accumulated growth due to new growth
factors being applied and to FY 1987-88 through
1989-90) $31,286,179
Increased by allowable San Joaquin County population
growth of 2.64% multiplied by California Per Capita
Income of 4.14%
Therefore, the Appropriations Spending Limit for 1991-92 $33,441,797
The 1991-92 Appropriations Spending Limit may require adjustment if the
County Assessor's Office provides data showing that percentage change in the
local assessment roll from the preceding year due to the addition of local
non-residential construction is greater than the percentage increase in the
California Per Capita Income. The County does not have the ability to provide
this information at this time.
Dated: June 20, 1991
I hereby certify that Resolution No. 91-119 was passed and adopted by the
City Council of the City of Lodi in an adjourned regular meeting held June
20, 1991 by the following vote:
Ayes: Council Members - Pennino, Pinkerton, Sieglock, Snider and
Hinchman (Mayor)
Noes: Council Members - None
Absent: Council Members - None
Alice M. Reimche
City Clerk
RES91119/TXTA.02J