HomeMy WebLinkAboutCC Reso No 2019-052 Establishing Appropriations Gann limit fy 19-20CC Resolution No. 2019 -052
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RESOLUTION NO. 2019 -052
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, ESTABLISHING THE APPROPRIATIONS GANN LIMIT FOR FY
2019 -20 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 2019 -20, 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.
CC Resolution No. 2019 -052
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Passed and Adopted on the 11th day of June 2019.
Attest:
Mark Mahan,
Deputy City Clerk
STATE OF CALIFORNIA j
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, MARK MAHAN, Deputy City Clerk of the City of Lake Elsinore, California, do hereby certify that
Resolution No. 2019 -052 was adopted by the City Council of the City of Lake Elsinore, California,
at the regular meeting of June 11, 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
Mark Mahan,
Deputy City Clerk
CC Resolution No. 2019 -052
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City of Lake Elsinore
6/30/2019
Appropriations Limit
2018 - 2019 Appropriations Limit:
Price /Population Factor for FY 2019 -2020:
2019 -2020 Appropriations Limit:
Amount subject to the limit
Is the amount subject to the limit below the limit?
(DX O=
Change In Per City
Capita Personal Population
B Income: B Factor:
3.85 T^ -1.14
2019 - 2020 factors t
converted to a ratio: 1.0385 1.0114
$ 96,448,725_,
1.0503389
$ 101, 303, 848
i