RES 81156 - Laserfiche WebLink

OF PLEASANTON STAFF REPORT May 18, 1981. HONORABLE CITY COUNCIL Pleasanton, California Appropriations Subject to Limitation for 1981-82 Members of the Council: Introduction Article XIIIB of the State of California Constitution (Proposition 4 on the November 6, 1979 ballot) requires that each year the governing body of each local agency establish its appropriation limit for the followin9 fiscal year. Generally, the amendment limits the rate of growth in the City's appropriations by the percentage increase (or decrease) in the City's population and in the cost of living. The appropriation limit was effective July 1, 1980. The appropriation limit for 1981-82 fiscal year is equal to the limit for 1980-8]., adjusted for changes in the cost of living and population. 1981-82 Appropriations Subject to Limitation The original appropriation limit for 1980-81 ($7,984,544) as established by Resolution ~80-!30, dated May 13, 1980, included Gas Tax Funds as "proceeds of taxes." Senate Bill 1352, Chapter 1205 dated September 29, 1980 determined Gas Tax Funds to be "proceeds of taxes" at the state level. Therefore, they are to be excluded from the City's appropriation limit. The adjusted appropriation limit (excluding Gas Tax Funds) for 1980-81 is $7,086,].97. After increasing the adjusted 1980-81 limit for the overall net increase in the cost of living and population for fiscal year 1980-81 (8.8%), the appropriation limit for 1981-82 is $7,709,261. The 8.8% is the net of a 9.12% increase in the cost of living and a .30% decrease in the growth in population. The General Fund appropriation limit represents 90% of the limit ($6,907,180) with the Special Funds representing 10% ($770,926). The $7,709,261, however, is an overall limit and has to be exceeded in total before excess revenues must be returned to the taxpayers. SR 81:164