HomeMy WebLinkAbout45-93 f _
• • •
RESOLUTION NO. 45-93
RESOLUTION OF
THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS
SETTING THE TOWN'S APPROPRIATIONS LIMIT FOR
FISCAL YEAR 1993-94
WHEREAS, the City Council of the Town of Los Altos Hills has adopted the 1993-
94 Fiscal Year Budget; and
WHEREAS, the City Council has calculated the 1993-94 appropriations limit
pursuant to Proposition 111; and
WHEREAS, the Town has given notice of its intention to adopt the
appropriations limit for a period of fifteen (15) days, in accordance with State Law.
NOW, THEREFORE, the City Council of the Town of Los Altos Hills does resolve
as follows:
Section 1. The City Council does hereby approve and adopt the appropriations
limit, pursuant to California Constitution Article XIII.B, for Fiscal Year 1993-94, and the
calculations for this appropriations limit are set forth in Exhibit A hereto.
REGULARLY PASSED AND ADOPTED this 7th day of July, 1993.
Mayor Johns. •
ATTEST
• • •
GANN LIMIT
LOS ALTOS HILLS
1993-1994 BUDGET
CALCULATION OF 1993-1994 GANN LIMIT
PROPOSITION 111 ALLOWS CALCULATION OF THE LIMIT FOR 1993-1994
ACCORDING TO A CHOICE OF FACTORS.
1.ECONOMIC GROWTH
CALIFORNIA LOCAL ASSESSMENT ROLL
PER CAPITA NON-RESIDENTIAL
PERSONAL INCOME NEW CONSTRUCTION
PERCENT GROWTH 2.72% Not yet available from
County Assessor.
2. POPULATION
TOWN COUNTY
PERCENT GROWTH 1.31% 1 .71%
APPROPRIATIONS LIMIT 1992-93 $2,055,637
ECONOMIC FACTOR 1 .0272
POPULATION FACTOR 1 .0171
APPROPRIATIONS LIMIT 1993-94 $2,147,658