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Town Council Resolution No. 18-2024 June 19, 2024
RESOLUTION NO. 18-2024
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TIBURON ESTABLISHING AN APPROPRIATION LIMIT FOR FISCAL YEAR 2024-25 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 2023-24 was $12,275,240 and the State Department of Finance has determined that the 2024-25 Per Capita Personal Income Factor is 4.40%, and the Population Change Factor is -.4% for
the Town of Tiburon; the Director of Administrative Services estimates that legislated
pass-through fees of the County will be $68,250; the Interim Director of Administrative Services of the Town of Tiburon has determined that the appropriations limit in the amount of $12,832,839 shall be established for Fiscal Year 2024-25.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of
Tiburon that an appropriations limit in the amount of $12,832,839 is established for Fiscal Year 2024-25 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 Town
of Tiburon on June 19, 2024 by the following vote: AYES: COUNCILMEMBERS: Fredericks, Nikfar, Ryan, Thier, Welner NOES: COUNCILMEMBERS: None
______________________________ ALICE FREDRICKS, MAYOR
TOWN OF TIBURON
ATTEST: ___________________________________ LEA DILENA, TOWN CLERK
DocuSign Envelope ID: 481CED10-BC6F-47F0-BD8B-97A8B793644A