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HomeMy WebLinkAboutReso 2008-136 RESOLUTION NO. 2008-136 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ESTABLISHING THE APPROPRIATIONS LIMIT FOR THE CITY OF CHULA VISTA FOR FISCAL YEAR 2008/ 2009 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 (1978-1979) 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, by definition, "Proceeds of Taxes" includes such revenues as property taxes, sales and use taxes, utility users taxes, transient occupancy taxes, and state subventions; and WHEREAS, 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; and WHEREAS, 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; 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 2008/2009 calculation, the population increased 1.51 percent and California per capita personal income increased by 4.29 percent; and WHEREAS, new non-residential construction increased 16.86 percent 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 2008/2009 Appropriation Limit has been calculated to be $607,303,566; and WHEREAS, the "Proceeds of Taxes" as included in the Fiscal Year 2008/2009 Proposed Budget that are subject to the appropriations limit are estimated to be $92,391,854; and WHEREAS, the City has what is referred to as an appropriation "gap" of $514,911,712 ($607,303,566 - $92,391,854); and Resolution No. 2008-136 Page 2 WHEREAS, this means that the City could collect and spend up to $514,911,712 more in taxes during Fiscal Year 2008/2009 without exceeding the Constitutional limit. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City ofChula Vista does hereby establish an appropriations limit of$607,303,566 for Fiscal Year 2008/2009. Presented by Approved as to form by ~c-.,{<;M~\<,\<;:'~ ~ . Ann Moore City Attorney Mari Kachadoorian Finance Director PASSED, APPROVED, and ADOPTED by the City Council of the City ofChula Vista, California, this 3rd day of June 2008 by the following vote: AYES: Councilmembers: Castaneda, McCann, Ramirez, Rindone, and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None Ch'ry~ L~ ~".; Donna R. N rris,~MC, Interim City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Donna R. Norris, Interim City Clerk of Chula Vista, California, do hereby certifY that the foregoing Resolution No. 2008-136 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 3rd day of June 2008. Executed this 3rd day of June 2008. J~t,JbNuXJ Donna R. Norri~, CMC, Interim City Clerk