HomeMy WebLinkAboutResolutions - No. 85-65RESOLUTION NO. 85-65
RESOLUTION ADOPTING AN APPROPRIATIONS SPENDING
LIMIT FOR 1985-86 IN COMPLIANCE WITH PROPOSITION
4 ARTICLE XIIIB OF THE STATE CONSTITUTION
RESOLVED, that the City Council of the City of Lodi does hereby
adopt the following Appropriations Spending Limit for 1985-86 in
compliance with Proposition 4, now Article XIIIB of the State
Constitution.
Total Appropriation Limit for 1984-85
as adopted by the City of Lodi $12,130,783
Increased by
Allowable Accumulated growth and
U. S. Consumer Price Index to
1985-86 of 7.93%
Therefore, the Spending Limit for
1985-86 $13,092,754
Dated: June 19, 1985
I hereby certify that Resolution No. 85-65
was passed and adopted by the City Council of
the City of Lodi in a regular meeting held
June 19, 1985 by the following vote:
Ayes: Council Members - Olson, Reid, Snider,
Pinkerton, and
Hinchman (Mayor)
Noes: Council Members - None
Absent: Council Members - None
7-P
Alice M. Reimche
City Clerk
85-65