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HomeMy WebLinkAbout2007/06/05 Item 9 CITY COUNCIL AGENDA STATEMENT ITEM TITLE: JUNE 5, 2007, Item It; RESOLUTION ESTABLlSIDNG THE APPROPRIATIONS LIMIT FOR THE CITY OF CHULA VISTA FOR FISCAL YEAR 2007-08 SUBMITTED BY: REVIEWED BY: DIRECTOR OF FIN~.cErrREASURER ~ CITY MANAGER rJ I 4/5THS VOTE: YES D NO ~ BACKGROUND Article XIIIB of the California Constitution approved by the voters in 1979 and commonly referred to as the Gann Initiative, requires each local government to establish an Appropriations Limit by resolution each year at a regularly scheduled meeting or noticed special meeting. The purpose of the limit is to restrict spending of certain types of revenues to a level predicated on a base year amount increased annually by an inflation factor. ENVIRONMENTAL REVIEW Not Applicable RECOMMENDATION That the City Council adopt a resolution establishing an appropriations limit of $511 ,957,324 for the 2007 -08 fiscal year. BOARDS/COMMISSION RECOMMENDATION Not Applicable DISCUSSION Article XIIIB of the California Constitution, approved by the voters in 1979, imposed the concept of spending limits on local governments. This Constitutional provision and related implementing legislation specifies that annual increases in appropriations financed from "Proceeds of Taxes" are limited to a base year (1978-79) amount increased annually by an inflation factor comprised of the change in population of the City combined with the greater of the change in new non-residential construction or the change in the California per capita personal 9-1 JUNE 5, 2007, Item~. Page 2 of3 income. By definition, "Proceeds of Taxes" includes such revenues as property taxes, sales and use taxes, utility users taxes, transient occupancy taxes, and state subventions. Revenues from other sources like fees/charges and federal grants are considered "Non-Proceeds of Taxes" and are not subject to the annual spending limit. This calculation has always been perfunctory for the City of Chula Vista, since the proceeds of taxes for the City are far less than the statutory appropriation limit. The State Department of Finance and the San Diego County Assessor's Office are charged with providing the data necessary for local jurisdictions to establish their appropriation limit. According to these sources, for purposes of the fiscal year 2007-08 calculation, the population increased 1.87% and California per capita personal income increased by 4.42%. New non- residential construction increased 4.91 % and was used in the formula to compute the limit since this increase was higher than the increase in California per capita personal income. The fiscal year 2007-08 Appropriation Limit has been calculated as follows: FY 2006-07 Appropriation Limit (as restated) $479,053,749 Increased by an inflation factor composed of the increases in population and new non-residential construction X 1.0687 Fiscal Year 2007-08 Appropriations Limit $511.957.324 The "Proceeds of Taxes" as included in the fiscal year 2007-08 Proposed Budget that are subject to the appropriations limit are estimated to be $97,543,636 (see attachment). Therefore the City has what is referred to as an appropriation "gap" of $414,413,688 ($511,957,324 - $97,543,636). Simply stated, this means that the City could collect and spend up to $414,413,688 more in taxes during fiscal year 2007-08 without exceeding the Constitutional limit. DECISION MAKER CONFLICT Staff has reviewed the decision contemplated by this action and has determined that it is not site specific and consequently the 500 foot rule found in California Code of Regulations section 1 8704.2(a)(1) is not applicable to this decision. FISCAL IMPACT This action will enable the City to appropriate and spend tax revenues estimated at $97,543,636 included in the proposed budget for fiscal year 2007-08. ATTACHMENTS Attachment A Appropriations Gap Calaculation Prepared by: Phillip Davis, Assistant Director of Finance, Finance Department 9-2 '" JUNE 5, 2007, Item~ Page 3 of3 ATTACHMENT A APPROPRIATION (GANN) LIMIT GAP CALCULATION FOR FISCAL YEAR 2007-08 Proceeds of Taxes Property Taxes. Sales and Use Taxes Transient Ocupancy Taxes Utility Taxes Other Local Taxes Real Property Transfer Tax Business License State Motor Vehicle Licenses State Homeowners Property Taxes Total Proceeds of Taxes Appropriation Limit FY 2007-08 Proposed Budget 30,250,317 35,062,406 2,672,344 6,682,703 2,000,000 1,222,450 19,373,416 280,000 97,543,636 511,957,324 GAP (Under Limit) (414,413,688) Prooeec:Is cl Taxes Ca I pa. ed to Leg;II Spencing Unit ..$6)) c 0 ~$6)) :!! $<100 . $n) $2ll $1ClJ ro FY IJ3.04 . FY04<:6 FYC6{B FY CJ3.07 FY07.{ll 1_ A"<x:aDsdTa>el -+- ~ Unit 1 9-3 RESOLUTION NO. 2007- RESOLUTION ESTABLISHING THE APPROPRIATIONS LIMIT FOR THE CITY OF CHULA VISTA FOR FISCAL YEAR 2007-08 WHEREAS, Article XIIIB of the California Constitution, approved by the voters in 1979, imposed the concept of spending limits on local governments; and WHEREAS, this Constitutional provision and related implementing legislation specifies that annual increases in appropriations financed from "Proceeds of Taxes" are limited to a base year (1978-79) amount increased annually by an inflation factor comprised of the change in population of the City combined with the greater of the change in new non- residential construction or the change in the California per capita personal income; and WHEREAS, the State Department of Finance and the San Diego County Assessor's Office are charged with providing the data necessary for local jurisdictions to establish their appropriation limit; and WHEREAS, according to these sources, for purposes of the fiscal year 2007-08 calculation, the population increased 1.87% and California per capita personal income increased by 4.42%; and WHEREAS, new non-residential construction increased 4.91 % and was used in the formula to compute the limit since this increase was higher than the increase in California per capita personal income; and WHEREAS, the fiscal year 2007-08 Appropriation Limit has been calculated as follows: FY 2006-07 Appropriation Limit (as restated) $479,053,749 Increased by an inflation factor composed of the increases in population and new non-residential construction X 1.0687 Fiscal Year 2007-08 Appropriations Limit $511.957.324 9-4 NOW, THEREFORE BE IT RESOLVED that the Council of the City ofChula Vista hereby establishes the appropriations limit for the City ofChula Vista Fiscal Year 2007-08. Presented by: Approved as to form by: Maria Kachadoorian Director of Human Resources '--t-L _ ()~. ~ :b- Ann Moore City Attorney 9-5