HomeMy WebLinkAboutReso 2007-133
RESOLUTION NO. 2007-133
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ESTABLISHING THE APPROPRIATIONS LIMIT
FOR THE CITY OF CHULA VISTA FOR FISCAL YEAR
2007/2008
WHEREAS, Article xmB 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 (1978/1979) 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 2007/2008 Appropriation Limit has been calculated as
follows:
Fiscal Year 2006/2007 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 2007/2008 Appropriations Limit
$511.957.324
Resolution No. 2007-133
Page 2
NOW, THEREFORE, BE IT RESOLVED that the Council of the City of Chula Vista
hereby establishes the appropriations limit for the City of Chula Vista Fiscal Year 2007/2008.
Presented by
Approved as to form by
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Ann Moore
City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 5th day of June 2007 by the following vote:
AYES:
Councilmembers:
Castaneda, McCann, Ramirez, Rindone, and Cox
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
None
ATTEST:
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Cheryl Cox, May
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Susan Bigelow, MMC, CIty lerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2007-133 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 5th day of June 2007.
Executed this 5th day of June 2007.
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Susan Bigelow, MMC, City Cler