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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 88-267 <br /> <br /> RESOLUTION ADOPTING APPROPRIATION LIMIT <br /> FOR FISCAL YEAR 1988-89 <br /> <br /> WHEREAS, Article XIIIB of the State of California <br /> Constitution (Proposition 4 on the November 6, 1979 <br /> ballot) requires that each year the governing body <br /> of each local agency establish its appropriation <br /> limit for the following fiscal year; and <br /> <br /> WHEREAS, the appropriation limit for the 1988-89 fiscal year <br /> is equal to the limit for 1987-88, adjusted for <br /> changes in the cost of living and population; and <br /> <br /> WHEREAS, staff has determined the overall net increase in <br /> the cost of living and population for fiscal year <br /> 1988-89 to be 8.59%; and <br /> <br /> WHEREAS, using the above figure and the increase in <br /> population, the appropriations limit for fiscal <br /> year 1988-89 should be $19,450,518. <br /> <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> RESOLVES AS FOLLOWS: <br /> <br /> Section 1: Adopts the appropriation limit for fiscal year <br /> 1988-89 of $19,450,518.00. <br /> <br /> Section 2: This resolution shall become effective <br /> immediately upon its passage and adoption. <br /> <br /> THIS RESOLUTION ADOPTED JUNE 21, 1988 BY THE FOLLOWING VOTE: <br /> <br /> AYES: Councilmembers - Brandes, Butler, Mohr, Wilson, and <br /> Mayor Mercer <br /> NOES: None <br /> <br /> ABSTAIN: None <br /> ATTEST: K~NNE~H R. MERCER, MAYOR <br /> <br />/James R. Walker, City Clerk <br /> By Doris George, Deputy City Clerk <br /> <br /> Peter. ~aCDonald, C~ty Attorney <br /> <br /> <br />