HomeMy WebLinkAboutResolutions - No. 88-70RESOLUTION NO. 88-70
RESOLUTION ADOPTING AN APPROPRIATIONS SPENDING
LIMIT FOR 1988-89 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 1988-89 in compliance
with Proposition 4, now Article XIIIB of the California State
Constitution:
Total Appropriations Spending
Limit for 1987-88 as adopted by
the City of Lodi $24,677,859
Increased by allowable accumulated
growth and U.S. Consumer Price
Index of 9.08%
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 - Hinchman, Olson, Reid, Snider and
Pinkerton (Mayor)
Noes: Council Members - None
Absent: Council Members - None
Alice M. Reimche
City Clerk