HomeMy WebLinkAboutTC Res 2004-06-16
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RESOLUTION NO. 31-2004
A RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF TmURON ESTABLISHING
AN APPROPRIATION LIMIT FOR FISCAL YEAR 2004-05
PURSUANT TO ARTICLE xm B. OF THE CONSTITUTION
OF THE STATE OF CALIFORNIA
WHEREAS, Article XIII B. of the Constitution of the State of California provides
that total annual appropriations subject to exceed the appropriations limit of such entity
of government for the prior year adjusted for changes in the cost of living and population,
except as provides in Artie e XIII B; and
WHEREAS, pursuant to Article XIII B of the Constitution of the State of
California, the Town Council of the Town ofTiburon deems it to be in the best interest of
the Town of Tiburon to establish an appropriations limit for Fiscal Year 2004-05; and
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WHEREAS, the previously established limit for Fiscal Year 2003-04 was
$5,109,804, and the State Department ofFinance has determined that the 2003 Per Capita
Personal Income Factor is 3.28%, and the Population Change Factor is -.09%; the
Director of Administrative Services estimates that legislated pass-through fees of the
County will be $41,450; the Director of Administrative Services of the Town of Tiburon
has determined that the appropriations limit in the amount of$5,314,106 shall be
established for Fiscal Year 2004-05.
NOW, THEREFORE, BE IT RESOLVED by the Town Council ofthe Town of
Tiburon that an appropriations lirnit in the amount of$5,314,106 is established for Fiscal
Year 2004-05 pursuant to Article XIII B of the Constitution of the State of California.
PASSED AND ADOPTED at a regular meeting ofthe Town Council of the Town
ofTiburon on June 16, 2004 by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
Berger, Fredericks, Gram, Slavitz, Smith
None
None
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DIANE CRANE'IACOPI, OWN CLERK
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ALICE FREDERICKS, MAYOR
TOWN OF TIBURON