Loading...
RES-10659 Adopting Appropriation Limit 2012-13RESOLUTION NO. 10659 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE ADOPTING THE APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2012 -13. WHEREAS, the voters of California on November 6, 1979, added Article XI1113 to the State Constitution placing various limitations on the appropriations of the state and local governments; and WHEREAS, Article XI1IB 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, the City's own population growth or the population growth of the County, and the growth in California per capita income or the growth in non - residential assessed valuation due to new construction. WHEREAS, data necessary to calculate the growth in the non - residential assessed value was not available from the County Assessor and the City may need to adjust the limit on appropriations once the data is available. WHEREAS, the information and the elections made as set forth above are necessary for making these adjustments and are 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 2012- 13. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the Appropriations Limit in Fiscal Year 2012 -13 shall be $140,101,040 and the City's appropriations subject to limitation are $76,460,443. ADOPTED this 26" day of June, 2012. ATTEST: Mary E. y, City Clerk, City of Orange I, MARY E. MURPHY, City Clerk of the City of Orange, California, do 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 26 day of June, 2012. AYES:COUNCIL MEMBERS:Whitaker, Smith, Cavecche, Bilodeau, Dumitru NOES:COUNCIL MEMBERS:None ABSENT:COUNCIL MEMBERS:None ABSTAIN:COUNCIL MEMBERS:None Mary E. y, City Clerk, City Orange 2