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HomeMy WebLinkAboutReso 2016-141 RESOLUTION NO. 2016-1�1 RESOLUTION OF THE CITl' COUNCIL OF THE CITY OF CHULA VISTA ESTABLISHIIvG THE G?._�'�' Ii�'ITIATI\rE APPROPRIATIONS LIn4IT FOR THE CITY OF CHLiLA \rISTA FOR FISCAL YEAR 2016-2017 �'�'HERE.AS. Article alllB of the California Constitution. appro�ed b} the ��oters in 1979. imposed the concept of spending limits on local govemments; and WHEREAS, this Constitutional pro��ision and related impiementing legislation specifies that annual increases in appropriations financed from "Proceeds of Taaes" aze limited to a base }�ear (1978-79) amount increased annuall�� b�� an inflation factor comprised of the chanse in population of the Cit�� combined ���ith the greater of the change in ne��� non-residential construction or the chanoe in the Califomia per capita personal income; and A'HEREAS; bv definition_ "Proceeds of Taxes" includes such revenues as property ta.ies. sales and use ta�es, utilit�� users ta.ies, transient occupancy tates, and state subventions; and N'HEREAS. revenues from other sources like fees/charees and federal erants aze considered "Non-Proceeds of Taxes' and are not subject to the annual spending limit; and V�'HEREAS, this calculation has ah��a}�s been perfuncton� for the Cit�� of Chula Vista, since the proceeds of ta�es for the Cit�� are far less than the statuton� appropriation limit; and N'HEREAS; the State Depanment of Finance and the San Diego County Assessors Office aze charged ���ith pro��iding the data necessar}� for local jurisdictions to establish their appropriation limit; and ��'HEREAS, accordine to these sources, for purposes of the Fiscal 1'ear 2016/2017 calculation, the population increased 0.66%. and l�'HEREAS; Califomia per capita personal income increased b�� �37% and ne"� non- residential construction increased b�� 3.4% and; consequentl�= per capital personal income ���as used in the formula to compute the limit since this increase is the greater of the n+�o amounts; and WHEREAS, the Fiscal Year 2016/2017 .Appropriation Limit has been calculated to be �811.760.746: and �'�'HEREAS, the "Proceeds of Ta�es ' as induded in the fiscal }•ear 2016-]7 Proposed Budeet that are subject to the appropriations limit are estimated to be S9�.873:998: and WHEREAS. the Cih� has �vhat is referred to as an appropriation "eap' of �71�.886_748 (�811.760,746 - �9�.8T.998); and Resolution No. 2016-141 Pa=e No. 2 WHEREAS, this means that the City could collect and spend up to $71�.886.748 more in taxes during Fiscal Year 2016/2017 without exceeding the Constitutional limit. NOW, THEREFORE; BE IT RESOLVED that the City Council of the Cit�� of Chula Vista does hereb}� establish an appropriations limit of $811,760,746 for Fiscal Year 2016/2017 pursuant to the requirements of Article XIIIB of the California Constitution and California Government Code section 7910. Presented bti� Approved as to form by � � � � David Bilb}�, MSBA, C�FO G n R�GQogins � Director of Finance/7reasurer C ty Attor�ey PASSED. APPROVED, and ADOPTED by the City Council of the City of Chula Vista, Califomia; this 12th da�� of Jul}� 2016 by the folloN�ing vote: AYES: Councilmembers: Aeuilar. Bensoussan, McCann. Miesen, and Salas NAYS: Councilmembers: None ABSENT: Councilmembers: None ..`' `�� ��/ Mary Sa s, Mayor ATTEST: ��,� � ,►�!�/�,� Donna R. Norris. . Citv Clerk STATE OF CALIFORI�rIA ) COtJNTY OF SAN DIEGO ) CITY OF CHLTLA VISTA ) I, Donna R. Norris; City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2016-141 ���as duly passed, approved. and adopted by the City Council at a regular meetin�of the Chula Vista City Council held on the 12th day of July 3016. Executed this 12th day of July 2016. Donna R. Norris. .'Citv Clerk