HomeMy WebLinkAboutCC RES 98-073�_
�
RESOLUTION NO. 98- 73
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF PALM DESERT, CALIFORNIA
ESTABLISHING THE APPROPRIATIONS LIMIT
FOR THE 1998-99 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 Iocal 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
yeaz 1998-99 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 1998-99 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
$41,823,324 for 1998-99 Fiscal Year.
PASSED, EIPPROVED AND ADOPTED at a regular meeting of the Palm desert City
Council held on this 25� day of JUNE , 1998 by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN
�
FERGUSON, REI.LY, SPIEGEL, BENSON
NONE
CRITES
NONE
r SHEILA�. Gi�,LIGAN, (�'TY CLERK BENSON, MAYOR
�►- CITY OF PALM DESERT ITY OF PALM DESERT, CALIFORIVIA