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RESOLUTION NO. 12-542 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br /> ADOPTING FISCAL YEAR 2012/13 APPROPRIATIONS LIMIT <br /> WHEREAS, Article XIIIB of the State of California Constitution (Proposition 4 on the <br /> November 6, 1979 ballot) requires that each year the governing body of each local agency <br /> establish its appropriations limit for the following year; and <br /> WHEREAS, Proposition 111, passed by the voters in June of 1990, expands the choices <br /> for making annual adjustments to the appropriations limit based on various growth factors; and <br /> WHEREAS, the City Council has determined that the growth factors of (1) the <br /> percentage change in the City's population, and (2) the percentage change in California per <br /> capita personal income over the prior year will be used to establish the 2012/13 appropriation <br /> limit; and <br /> WHEREAS, selecting these growth factors will result in a new limit for 2012-13 of <br /> $410,031,764. <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> SECTION 1: The Proposition 111 growth factors selected for the 2012/13FY for <br /> determining the City's Proposition 4 appropriations limit are (1) the percentage change in the <br /> City's population and, (2) the percentage change of the California per capita personal income. <br /> SECTION 2: The appropriation limit for fiscal year 2012/13 is $410,031,764. <br /> SECTION 3: This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on June 5, 2012. <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the 5TH day of June, <br /> 2012, by the following vote: <br /> Ayes: Councilmembers Cook-Kallio, McGovern, Sullivan, Thorne, Mayor Hosterman <br /> Noes: None <br /> Absent: None <br /> Abstain: None <br /> Kare Diaz, City Clerk <br /> APPROVED AS TO FORM: <br /> an P. Lowell, City Attorney <br />