HomeMy WebLinkAboutResolution No. 4773 RESOLUTION NO. 4773
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT
FOR FISCAL YEAR 1986 -87
WHEREAS, the voters of California on November 6, 1979 added Article
XIII -B to the State Constitution placing various limitations on the
appropriations of the state and local governments; and
WHEREAS, Article XIII -B provides that the appropriations limit for
the fiscal year 1986 -87 is calculated by adjusting the appropriations limit
for fiscal 1985 -86 for changes in the cost of living or per capita personal
income (whichever is less) and population; and
WHEREAS, the information necessary for making these adjustments is
attached in Exhibit I; and
WHEREAS, the City of Downey has complied with all the provisions of
Article XIII -B in determining the appropriations limit for fiscal year 1986-
87.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE
AS FOLLOWS:
SECTION 1. The appropriation limit for 1986 -87 shall be $22,249,963
for the City of Downey.
SECTION 2. The City Clerk shall certify to the passage and adoption
of this Resolution and shall enter the same in the book of original
resolutions of said City.
APPROVED AND ADOPTED THIS 24th day of June , 1986.
Mayor
ATTEST:
City Clerk
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by
the City Council of the City of Downey at a regular meeting hereof, held on
the 24th day of June , 1986, by the following vote, to wit:
AYES: 5 Council Members Santangelo, Boggs, Cormack, Barb, Davila
NOES: 0 Council Members
ABSENT: o Council Members
City Clerk
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