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HomeMy WebLinkAboutReso 2014-097 -. � � RESOLUTIO?�' N0. 2014-097 RESOLUTION OF THE CITY COL?�'CIL OF THE CITY OF CHtiLA VISTA EST.ABLISHING THE G.A_�T:� LNITIATIVE APPROPRIATIOTiS LIMIT FOR THE CITl' OF CHUL.A \rISTA FOR FISCAL 1 EAR 2014/201� IVHEREAS. Article XIIIB of the Califomia Constitution, approved b}� the voters in 1979. imposed the concept of spendin� limits on local eovernments; and �'HEREAS; this Constitutional pro��ision and related implementine leeislation specifies that annual increases in appropriations financed from "Proceeds of Ta�es ' are limited to a base vear (1978/1979) amount increased annuallv b�� an inflation factor comprised of the chanee in population of the City combined �i�ith the greater of the change in new non-residential construction or the chanee in the Califomia per capita personal income; and W'HEREAS, b}� definition, "Proceeds of Ta.�es ' includes such revenues as propert}� taxes, sales and use ta�:es. utiliro users taces; transient occupanc}� taxes, and state subventions; and WHEREAS, revenues from other sources like fees/char2es and federal grants are considered "Non-Proceeds of Ta�es" and are not subject to the annual spendine limit; and \�1'HEREAS, this calculation has ahti�a��s been perfunctorq for the Cin� of Chula Vista, since the proceeds of taxes for the Cit�� are faz less than the statuton� appropriation limit; and \�'HEREAS, the State Department of Finance and the San Die�o Countv Assessor's Office aze chazged ���ith providine the data necessan� for local jurisdictions to establish their appropriation limit; and l�'HEREAS. according to these sources; for purposes of the Fiscal Year 2014/201� calculation; the population increased 1.66%; and • W'HEREAS, California per capita persona] income decreased by -.23% and ne��- non- residential construction increased b�� 1.0103% and: consequenth� new non-residential construction ���as used in the formula to compute the limit since this increase is the Ureater of the t��o amounts: and �VHEREAS, the Fiscal 1'ear 2014/201� Appropriation Limit has been calculated to be 5729.447.134: and R'HEREAS. the "Proceeds of Taxes-' as included in the Fiscal 1'ear 2014/201� Proposed Budget that are subject to the appropriations limit aze estimated to be �88.000.2�6; and WHEREAS, the Cit}� has ���hat is referred to as an appropriation '`�ap' of �641,446,878 ���z9,aa�,i�a - �ss;000,zs6�; �a � Resolution No. 2014-097 Pa=e 2 .a V�'HERE.AS, this means that the Citv could collect and spend up to $641;446,878 more in ta�es during Fiscal 1'ear 2014/201� ���ithout exceedin� the Constitutiona] limit. NOV✓. THEREFORE. BE IT RESOLVED that the Cirv Council of the Citv of Chula Vista does hereby establish an appropriations limit of $729,447.134 for Fiscal Year 2014/2015 pursuant to the requirements of Article XIIIB of the California Constitution and California Govemment Code section 7910. Presented by Approved as to form b}� � � Maria achadoorian len R. Gooeins Director of Finance/Treasurer drney PASSED, APPROVED, and ADOPTED by the City Counci] of the City of Chula Vista. California, this lOth day of June 2014 by the following vote: AYES: Councilmembers: Aguilar, Bensoussan, Ramirez, Salas and Co� NAYS: Councilmembers: None ABSENT: Councilmembers: None Chervl Cox. M �or ATTEST: D nna R. Nonis. CM . Crtv Clerk STATr OF CALIFORi�'IA ) COUNTY OF SAN DIEGO j CITY OF CHULA VISTA ) I, Donna R. Norris, Cit�� Clerk of Chula Vista, Califomia, do hereby certify that the foregoing Resolution No. 2014-097 was dul�� passed, approved, and adopted b�� the Cit}� Council at a regular meeting of the Chula Vista City Council held on the l Oth day of June 2014. E�ecuted this l Oth da�� of June 2014. �� . ,�,�,�,� Donna R. Norris, CMC. Cit�� Clerk