HomeMy WebLinkAboutTC Res 2019-06-19 (5) RESOLUTION NO. 24-2019
A RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF TIBURON ESTABLISHING
AN APPROPRIATION LIMIT FOR FISCAL YEAR 2019-20
PURSUANT TO ARTICLE XIII B. OF THE CONSTITUTION
OF THE STATE OF CALIFORNIA
WHEREAS. Article XIII B. of the Constitution of the State of California requires
governmental jurisdictions to establish appropriations limits each year, and
WHEREAS, the previously established limit for Fiscal Year 2018-19 was
$9,708,333 and the State Department of Finance has determined that the 2019-20 Per
Capita Personal Income Factor is 3.85%, and the Population Change Factor is -0.04%:
the Director of Administrative Services estimates that legislated pass-through fees of the
County will be $64,818: the Director of Administrative Services of the Town of Tiburon
has determined that the appropriations limit in the amount of$10,142,889 shall be
established for Fiscal Year 2019-20.
NOW. THEREFORE. BE IT RESOLVED by the Town Council of the Town of
Tiburon that an appropriations limit in the amount of$10,142,889 is established for
Fiscal Year 2019-20 pursuant to Article XIII B of the Constitution of the State of
California.
PASSED AND ADOPTED at a regular meeting of the Town Council of the TolA%n
of Tiburon on June 19. 2019 by the following vote:
AYES: COUNCILMEMBERS: Fraser, Fredericks, Kulik. Thier. Welner
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
DAVID KUL,IK, MAYOR
ATTEST:
IWIr
! _
S"IEFA I. TOWN CLERK ---
P(we 1of1
1 own Council Resolit/ion No. 24-2019 06/19/2019