HomeMy WebLinkAboutResolution No. 08-7065 - Adopt Annual Appropriations Limits for FY 2008-09RESOLUTION NO. 08-7065
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2008-2009.
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, Proposition 111, which modifies the appropriations limit, was passed on the
June 5, 1990 ballot; and
WHEREAS, Article XIII-B provides that the appropriations limit for the fiscal year 2008-
09 is calculated by adjusting the appropriations limit for fiscal year 2007-08 for the percentage
changes in California’s per capita personal income or City’s total assessed valuation due to new
non-residential construction; and the percentage changes in the County’s or City’s population;
and
WHEREAS, the factors may be selected by annual elections of the City Council; and
WHEREAS, the City Council of the City of Downey elects the percentage change in
City’s total assessed valuation due to new non-residential construction and the percentage
change in population of the County of Los Angeles to calculate the appropriations limit for fiscal
year 2008-09; and[WHEREAS, the information necessary for making these adjustments is attached in
Exhibit 1 ; and
WHEREAS, the City of Downey has complied with all of the provisions of Article XIII-B in
determining the appropriations limit for fiscal year 2008-09.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
RESOLVE, AS FOLLOWS:
SECTION 1. The appropriation limit for 2008-09 shall be $79,438,891 for the City of
Downey as calculated in Exhibit 1 .
SECTON 2. The appropriations subject to the limit contained in the 2008-09 Budget are
$47,087,927.
SECTION 3. The City Clerk shall certify to the passage and adoption of this Resolution
and shall enter same in the book of original resolutions of said City.
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RESOLUTION NO. 08-7065
PAGE TWO
APPROVED AND ADOPTED this 24th day of June, 2008.
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DAVID R. GAFIN, Mayor
ATTEST:
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KATHLEEN L. MIDSTOKKE, 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 held on the 24th day of June, 2008, by the following
vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAINED:
Council Members: Bayer, Cartozian, Guerra, Trejo, Mayor Gafin
Council Member: None
Council Member: None
Council Member: None
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KATHLEEN L. MIDSTOKKE, City Clerk