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HomeMy WebLinkAboutCC RES 00-072RESOLUTION NO. 00-72 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, ESTABLISHING THE APPROPRIATIONS LIMIT FOR THE 2000-2001 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 2000-2001, 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 2000-2001, 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 S48, 823, 093 for 2000-2001 Fiscal Year. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert City Council held on this 22ndday of June, 2000, by the following vote, to wit: AYES: BENSON, KELLY, SPIEGEL, FERGUSON NOES: NONE ABSENT: CRITES ABSTAIN: NONE ATTEST: JI'► v YOR PRO-TEMPORE RACHELLE KLASSEN, ACTING CITY CLERK CITY OF PALM DESERT, CALIFORNIA