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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 97-48 <br /> <br /> RESOLUTION ADOPTING FISCAL YEAR 1997-98 <br /> APPROPRIATION LIMIT <br /> <br />WHEREAS, Article XIIIB of the State of California Constitution (Proposition 4 on the <br /> November 6, 1979 ballot) requires that each year the goveming body of <br /> each local agency establish its appropriation limit for the following year; <br /> and <br /> <br />WHEREAS, Proposition 111 passed by the voters in June of 1990, expands the choices <br /> for making annual adjustments to the appropriation limit based on various <br /> growth factors; and <br /> <br />WHEREAS, City Council has determined that the growth factors of (1) the percentage <br /> change in the City population, and (2) the percentage change in California <br /> per capita personal income will be used to establish the 1997-98 <br /> appropriation limit; and <br /> <br />WHEREAS, selecting these growth factors will result in a new limit for 1997-98 of <br /> $108,143,379. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: The Proposition 111 growth factors selected for 1997-98 are (1) percentage <br /> change in the City population and, (2) the percentage change in California <br /> per capita personal income. <br /> <br /> Section 2: The appropriation limit for fiscal year 1997-98 is $108,143,379. <br /> <br />Section 3: This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> <br /> <br />