HomeMy WebLinkAboutCC RES 03-088RESOLUTION NO. 03-88
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF PALM DESERT, CALIFORNIA,
ESTABLISHING THE APPROPRIATIONS LIMIT
FOR THE 2003-2004 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 2003-2004, 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 2003-2004, 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 59,181,651 for 2003-2004 Fiscal Year.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
City Council held on this 26`~day of June, 2003, by the following vote, to wit:
AYES:
NOES: NONE
ABSENT: CRITES
ABSTAIN: NONE
ATTEST:
FERGUSON, KELLY, SPIEGEL, BENSON
C-c3=
RACHELLE D. KLASSEN, CITY CLERK 1
CITY OF PALM DESERT, CALIFORNIA
JE
(/ j
BENSON, MAYOR
H:\WP511Bud 03-04\res-estapp03 wpd
xv