HomeMy WebLinkAboutCC Reso No 2019-007 FY Appropriations and Inflation FactorRESOLUTION NO. 2019-007
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, ESTABLISHING THE APPROPRIATIONS GANN LIMIT FOR FY
2018-19 AND SELECTING THE POPULATION AND INFLATION FACTOR
ACCORDINGLY
Whereas, Voters approved Proposition 4, the "Gann Limit" Initiative, on November 6, 1979 in a
statewide special election ballot as an initiated constitutional amendment, which would limit the
growth in appropriations, made by the state and individual local governments. The limit in the rate
of growth is the percentage increase in the cost of living and the percentage increase in the state
or local government's population. Require state and local governments to return any funds to
taxpayers in excess of the amount appropriated for a given fiscal year. Require the state to
reimburse local governments for the cost of complying with state mandates.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES HEREBY
RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. The Appropriations Limit will be calculated based on the changes in City population
and California per capita personal income.
Section 2. The Appropriations Limit for the City of Lake Elsinore for FY 2018-19, attached hereto,
(Exhibit A) is hereby adopted.
Section 3. The City Clerk shall certify to the adoption of this Resolution and shall cause a certified
Resolution to be filed in the office of the City Clerk.
Passed and Adopted on the 12th dz
Attest:
Grant YAOS
Acting eity Clerk
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Grant Yates, Acting City Clerk of the City of Lake Elsinore, California, do hereby certify that
Resolution No. 2019-007 was adopted by the City Council of the City of Lake Elsinore, California, at
the Regular meeting of February 12, 2019, and that the same was adopted by the following vote:
AYES: Council Members Sheridan, Johnson, and Magee; Mayor Pro -Tem Tisdale and Mayor Manos
NOES: None
ABSENT: None
ABSTAIN: None
Grant'.
ActingCity Clerk