Laserfiche WebLink
RESOLUTION NO. 23-1395 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON ADOPTING <br /> THE FISCAL YEAR 2023/24 APPROPRIATIONS LIMIT <br /> WHEREAS, Article X111B 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 establish <br /> its appropriations limit for the following year; and <br /> WHEREAS, Proposition 111, passed by the voters in June 1990, expands the choices for <br /> 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 percentage <br /> change in the county's population, and (2) the percentage change in California per capita personal <br /> income will be used to establish the FY 2023/24 appropriation limit; and <br /> WHEREAS, selecting these growth factors will result in a new limit for FY 2023/24 of <br /> $817,463,288. <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES <br /> RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> SECTION 1. The Proposition 111 growth factors selected for fiscal year 2023/24 for <br /> determining the City's Proposition 4 appropriations limit are (1)the percentage change in the county's <br /> population and, (2) the percentage change in California per capita personal income. <br /> SECTION 2. The appropriation limit for fiscal year 2023/24 is $817,463,288. <br /> SECTION 3. This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> SECTION 4. The City Clerk shall certify to the passage of this resolution and enter it into <br /> the book of original resolutions. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a <br /> regular meeting held on June 6, 2023. <br /> I, Jocelyn Kwong, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on June 6, 2023, by the <br /> following vote: <br /> Ayes: Councilmembers Arkin, Balch, Nibert, Testa, Mayor Brown <br /> Noes: None <br /> Absent: None <br /> Abstain: None <br /> I <br /> n <br /> Jqc$lyn K ong/City Clerk <br /> APP OVE TO FORM: <br /> Daniel G. Sodergren, City Attorney <br />