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HomeMy WebLinkAboutResolutions - No. 82-52RESOLUTION NO. 82-52 RESOLUTION ADOPTING AN APPROPRIATIONS SPENDING LIMIT FOR 1982-83 IN COMPLIANCE WITH PROPOSITION 4 ARTICLE XIIB OF THE CONSTITUTION RESOLVED, that the City Council of the City of Lodi does hereby adopt the following Appropriation Spending Limit for 1982-83 in compliance with Proposition 4, now Article XIIB of the State Constitution. Total Appropriation for 1981-82 year as adopted by the City of Lodi $9,468,985. Increased by Allowable Accumulated Growth and Consumer Price Index to 1982-83 of $10.90% Therefore the Spending Limit for 1982-83 $10,501.104. Dated: May 19, 1982 I hereby certify that Resolution No. 82-52 was passed and adopted by the City Council of the City of Lodi in a regular meeting held May 19, 1982 by the following vote: Ayes: Council Members - Olson, Snider, Pinkerton, Murphy, and Reid Noes: Council Members - None Absent: Council Members - None ALICE M. REIMCHE City' Clerk 82-52