Loading...
RES-8264 Approving Appropriations Limit FY 1992-93RESOLUTION NO. 8264 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE APPROVING AND ADOPTING THE APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1992-93 WHEREAS, the voters of California on November 6, 1979, added Article XIIIB to the State Constitution placing various limitations on the appropriations of the state and local governments; and WHEREAS, Article XIIIB was amended by Proposition 111 and SB88 to provide for the calculation of the appropriations limit for Fiscal Years beginning with 1990-91 using, at the City's election, either the growth in California per capita income or the growth in non-residential assessed valuation due to new construction within the City and, at the City' s election, either the City's own population growth or the population growth of the County.WHEREAS, the information and the elections made as set forth above necessary for making these adjustments is attached as Exhibit" A"; and WHEREAS, the City of Orange, to the best of its knowledge, has complied with all the provisions of Article XIIIB in determining the appropriation limit for Fiscal Year 1992-93.WHEREAS, this resolution supercedes Resolution No. 8031 which incorrectly stated the 1992- 93 Appropriations Limit.NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the Appropriations Limit in Fiscal Year 1992-93 shall be $54,717,848.ADOPTED this 9th day of November, 1993.GENE BEYER Mayor of the City of Orange e~~ By orpro em Attest:1'n.IU(ftr G-Wfi/City Clerk f the ~y Orange I hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of Orange at a regular meeting thereof held on the 29th day of June, 1993.AYES:COUNCIL MEMBERS: SPURGEON, BARRERA, MAYOR BEYER, COONTZ, MURPHY NOES:COUNCIL MEMBERS: u~ ~ ~" f'P~City Clerk f th c~ 0 Orange EXHmlT "A" 1992-93 APPROPRIATIONS LIMIT UNDER ARTICLE XlIIB 1992-93 APPROPRIATION LIMIT IS CALCULATED ASFOLLOWS:80-$0 - .,-82 1243 POPUlATION GROWTH 1.0198 1.0185 1.0201 1.0231 1. 0247 INFlATION RATE U'''661.1)51' 1.0421 1.041" 0. 1936 TOTAl. ADJUSTMENT 1.0673 1.011" 1.0630 Ul655 1. 0181 lAST YEAR'Sl.MT 4O.92a.015 43.684._ 46,801,716 ....752...72 53, 399._CURRENT YEAR'S LMT "3,684,466 <66,801.7Q6 ....752...72 53.009,086 54. 367._OTHER ADJUSTMENTS:ASSUMED RESPONSIBlUTY:BOOKING FEES 250.000 200. 000 PROP TAX ADMIN CHG 140.000 150. 000 ADJ. CURRENT YR.l.MT 43.684._ 46,801.796 ....752...72 53.399._ 54.717, 848 The following information was provided by the State Department of Finance in order to calculate the Appropriation Limit for 1992-93: Greater of City Coumy Population Fiscal Year Date PopulationPopulation ChafU!'cI88-89 01.j)1.87 103.350 2.180.831 01.j)1.88 104.9"5 2.224. 039 1.98%89.90 01.j)1-88 105. 0082.225.452 01.j)1.89 106.3582. 266,5311.85%90-91 01.j)1.89 106.290 2.265."80 01.j)1.9O 107.712 2,311,000 2.01%91.92 01.j)1- 9O 110.165 2,383.177 OHI-91 112.709 2.438.094 2.31%92.93 01.j) 1.91 112.466 2.436.505 01.j)1.92 114.489 2.496.620 2.47% Percentage Changes in Per Capita Personal Income: 1988-89 4. 66%1989- 90 5.19%