HomeMy WebLinkAboutr 10444 adopting appropriations limit 13-14RESOLUTION NO. 10444 (2013 Series)
A RESOLUTION OF THE CITY OF SAN LUIS OBISPO
ADOPTING THE APPROPRIATIONS LIMIT FOR 2013.14
\ryHEREAS, the voters approved the Gann Spending-Limitation Initiative on November 6,
1979 and Proposition 111 on June 5, 1990, which establish and define annual appropriation limits
on state and local goverrunent agencies; and
\ryHEREAS, regulations require that the goveming body of each local agency establish its
appropriations limit and annual adjustment factors by resolution; and
\ryHEREAS, the required calculations to determine the City's appropriations limit and
estimated appropriations subject to limitation for 2013-14have been performed by the Department
of Finance & Information Technology and are available for public review.
NOW, THEREFORE, BE IT RESOLVED that the Council of the City of San Luis
Obispo hereby adopts the City's appropriations limit and annual adjustment factors for 2013-14 as
follows:
Upon motion of Council Member Ashbaugh, seconded by Vice Mayor Smith, and on the
following roll call vote:
AYES
NOES:
ABSENT:
Council Members Ashbaugh and Carpenter, Vice Mayor Smith and
Mayor Marx
None
None
Appropriations Limit: 2012-13
Cost of Living Factor: Percent change in California per capita income
Population Factor: County Population Growth
Compound Percentage Factor (multiplicative not additive)
$51,423,500
5.t2%
052%
r.0s7%
Appropriations Limitz 2013-14 $54,337,500
R 10444
ResolutionNo. 10444 (2013 Series)
Page2
The foregoing resolution was adopted on this ITrh day of June 2013
Marx
ATTEST:
City Clerk
APPROVED AS
stine Dietrick
City Attorney