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HomeMy WebLinkAboutReso 2015-121 RESOLUTION \'O. 201�-121 RESOLUTION OF THE CITY COUNCIL OF THE CIT1' OF CHLTLA VISTA ESTABLISHING THE GAI�T1�' INITIATNE APPROPRIATIOI�'S LIMIT FOR THE CITY OF CHULA VISTA FOR FISCAL l'E.AR 201�/2016 W"HEREAS; Anicle XllIB of the Califomia Constitution, appro��ed b�� the ��oters in 1979: imposed the concept of spendino limits on local go�ernments; and WZIEREAS. this Constitutional provision and related implementing le�islation specifies that annual increases in appropriations financed from "Proceeds of Ta�es" are limited to a base vear (1978-79) amount increased annuallv b�� an inflation factor comprised of the change in population of the Cit}� combined ���ith the greater of the change in ne��� non-residential construction or the chanse in the Califomia per capita personal income; and �T�'HEREAS, bv definition, "Proceeds of Ta�es ' includes such re��enues as property ta�es. sales and use taaes. utilir� users ta�es; transient occupancy taaes, and state subventions: and �VZIEREAS. revenues from other sources like fees/charees and federal �rants are considered "Non-Proceeds of Taxes ' and are not subject to the annual spending limit; and A%HEREAS, this calculation has alwa��s been perfunctorv for the Cit�� of Chula Vista. since the proceeds of ta�es for the Cit}� aze far less than the statutorv appropriation limit; and WHEREAS, the State Department of Finance and the San Die�o Countv Assessor`s Office aze charoed with pro��iding the data necessar}� for local jurisdictions to establish their appropriation limit; and lV'HEREAS. accordin� to these sources, for purposes of the Fiscal 1'eaz 201�/2016 calculation, the population increased 1.06%: and WI-IEREAS; Califomia per capita personal income increased b�� 3.82% and ne�i� non- residential construction increased b}� 1.00�7% and: consequentl}� ne�ti� non-residential construction was used in the fortnula to compute the limit since this increase is the greater of the two amounts: and VJHEREAS, the Fiscal Year 201�/2016 Appropriation Limit has been calculated to be $76�.339.�21: and \�'HEREAS, the "Proceeds of Ta�es' as included in the Fiscal Year 201�/2016 Proposed Budget that are subject to the appropriations limit aze estimated to be �91,334,762; and �tiHEREAS. the Cih� has ���hat is referred to as an appropriation "_�ap ` of �674,004,7�9 (�76�.339,�21 - �91,334,762); and Resolution No. 201�-1 Z 1 Page No. 2 WHEREAS, this means that the City could collect and spend up to $674,004,759 more in taxes during Fiscal Year 2015/2016 without exceeding the Constitutional limit. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereb}� establish an appropriations limit of $765,339,521 for Fiscal Year 201�/2016 pursuant to the requirements of Article XIIIB of the Califomia Constitution and Califomia Government Code section 7910. � Presented b�� Approved as to form by —� � Maria achadoorian len R. ogins Deputy City Manager/Director of Finance ity Atto ey Resolucion \o. 201�-121 Paee No. 3 PASSED. APPROVED, and ADOPTED bv the Citv Council of the Cit�� of Chula V'ista. Califomia. this 16th dav of June 201� bv the fo1loN�ina vote: .AYES: Councilmembers: Aeuilar. Bensoussan. �4cCann. A4iesen and Salas \'Al'S: Councilmembers: None .ABSE\rT: Councilmembers: None � 1�1ar�� Sa s. Ma��or ATTEST: __� �� Donna R. Norris. C�. Citv Clerk STATE OF CALIFORI�'IA ) COUT'TY OF SAN DIEGO ) CITY OF CHULA VISTA ) I. Donna R. Norris. Citv Clerk of Chula Vista. California. do hereb�� certifv that the fore�oins Resolution No. 201�-]21 ���as duh� passed. appro��ed, and adopted by the Cih Council at a reeular meetina of the Chula Vista Cit�� Council held on the 16th da�� of.Iune 201�. E�ecuted this 16th dav of June 201�. �-�. � ,�,�� Donna R. \orris. CI�1C. Cit�� Clerk