HomeMy WebLinkAboutResolutions - No. 89-69RESOLUTION NO. 89-69
RESOLUTION ADOPTING AN APPROPRIATIONS SPENDING
LIMIT FOR 1989-90 IN COMPLIANCE WITH PROPOSITION 4
ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION
RESOLVED, that the City Council of the City of Lodi does hereby adopt
the following Appropriations Spending Limit for 1989-90 in compliance
with Proposition 4, now Article XIIIB of the California State
Constitution:
Total Appropriations Spending
Limit for 1988-89 as adopted by
the City of Lodi $26,918,609
Increased by allowable accumulated
growth and U.S. Consumer Price
Index of 7.63%
Therefore, the Appropriations
Spending Limit for 1989-90 $28,972,499
Dated: June 21, 1989
I hereby certify that Resolution No. 89-69 was passed and adopted by
the City Council of the City of Lodi in a regular meeting held June
21, 1989 by the following vote:
Ayes: Council Members - Olson, Pinkerton, Reid and Snider (Mayor)
Noes: Council Members - None
Absent: Council Members - Hinchman
Alice M. Reimche
City Clerk