HomeMy WebLinkAbout61-16 RESOLUTION 61-16
A RESOLUTION OF THE CITY COUNCIL OF THE TOWN
OF LOS ALTOS HILLS ADOPTING THE FISCAL YEAR
2015-16 APPROPRIATION LIMIT of$6,071,165
WHEREAS, the City Council of the Town of Los Altos Hills has adopted an appropriation limit
for fiscal year 2015-16 of$6,081,370 on June 18, 2015; and
WHEREAS, the 2015-16 appropriation limit is recalculated with the correct population factor,
resulting in a reduction in the appropriation limit by$10,205.
NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve to
approve and adopt an appropriations limit, pursuant to California Constitution Article XIII B, for
fiscal year 2015-16 of$6,071,165 as set forth below:
A. Calculation of 2015-16 Appropriations Limit
Prior Year Appropriation Limit $ 5,782,438
Annual Change Factors
Cost of living adjustment factors
California per capita personal income(CPCPI) 1.0382
Population adjustment factors
Town of Los Altos Hills (LAH) 1.0013
County of Santa Clara (SCC) 1.0113
Authorized Adjustment Factor
CPCPI X LAH Population change 1.0499
2015-16 Appropriation Limit as adjusted
Prior year limit x Authorized Adjustment Factor $ 6,071,165
The above and foregoing Resolution was passed and adopted by the City Council of the Town of
Los Altos Hills at a regular meeting held on the 20th day of October, 2016 by the following vote:
AYES: Harpootlian, Waldeck, Corrigan, Radford, Spreen
NOES: None
ABSTAIN: None
ABSENT: None
BY:
john Harpootlian, Mayor
ATTEST:
&
Deborah Padovan, City Clerk
Resolution 61-16 Page 1