Loading...
HomeMy WebLinkAboutCC RES 97-046RESOLUTION NO. 97-46 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA ESTABLISHING THE, APPROPRIATIONS LIMIT FOR THE 1997-98 FISCAL YEAR WHEREAS, the voters approved the Gann Spending Limitation Initiative (Proposition 4) on November 6, 1979 adding Article XIII B to the Constitution of the State of California to establish and define annual appropriation limits on state and local government entities; and WHEREAS, Chapter 120-5 of the Revenue and Taxation Code Section 7910 (which incorporates California Senate Bill 1352) provides for the implementation of Article XIII B by defining various terms used in this article and prescribing procedures to be used in implementing specific provisions of the article, jurisdiction of its appropriations limit; and WHEREAS, the required calculation to determine the Appropriations Limit for fiscal year 1997-98 has been performed by the Finance Department based on available information and is on file with the Finance Department and available for public review; WHEREAS, Finance staff will recalculate the Appropriations Limit for respective fiscal periods including fiscal year 1997-98 as soon as information regarding the percentage changes in the local assessment roll due to additional local nonresidential new construction is made available by the Riverside County Assessor's office; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Desert, California, that the city of Palm Desert appropriations limit is hereby established as $39,013,714 for 1997-98 Fiscal Year. PASSED, APPROVED AND ADOPTED at a regular meeting of the Palm desert City Council held on this 26th day of June, 1997 by the following vote, to wit: AYES: Benson, Snyder, Spiegel, Kelly NOES: None ABSENT: Crites ABSTAIN: Nonc ATTEST: SHEILA R. GILLIGAN, CIT CLERK CITY OF PALM DESERT - CITY OF PALM DESERT, 2171