HomeMy WebLinkAboutResolutions - No. 87-65RESOLUTION NO. 87-65
RESOLUTION ADOPTING AN APPROPRIATIONS SPENDING
LIMIT FOR 1987-88 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 1987-88 in compliance
with Proposition 4, now Article XIIIB of the California State
Constitution:
Total Appropriations Spending
Limit for 1986-87 as adopted by
the City of Lodi $22,654,787
Increased by allowable accumulated
growth and U.S. Consumer Price
Index of 8.93°
Therefore, the Appropriations
Spending Limit for 1987-88 $24,677,859
Dated: June 17, 1987
I hereby certify that Resolution No. 87-65 was passed
and adopted by the City Council of the City of Lodi
in a regular meeting held June 17, 1987, by the
following vote:
Ayes: Council Members - Hinchman, Pinkerton, Reid,
Snider, and Olson (Mayor)
Noes: Council Members - None
Absent: Council Members - None
Alice M. Reimche
City Clerk
87-65