CC Resolution No. 7554
RESOLUTION NO. 7554
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ESTABLISHING AN APPROPRIATION LIMIT FOR FISCAL YEAR 1988-89
WHEREAS, the State of California has adopted legislation requiring
local jurisdictions to calculate their appropriation limits in complying
with Article XIII B;
WHEREAS, said limits are determined by a formula based upon growth and
cost of living factors; and
WHEREAS, the local governing body is required to set an appropriation
limit by adoption of a resolution;
WHEREAS, the growth factor is .07% and the cost of living factor is
3.93%;
NOW, THEREFORE, BE IT RESOLVED that the City Council of Cupertino
hereby approved a 1988-89 fiscal year appropriation limit of $20,599.133.
PASSED AND ADOPTED
City of Cupertino this
following vote:
at a regular meeting of the City Council of the
5th day of July , 1988 by the
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Johnson, Koppel, P1ungy, Rogers, Gatto
None
None
None
ATTEST:
APPROVED
/~/ Dorothy ~nrnplilla
City Clerk
/s/ John M. Gatto
Mayor, City of Cupertino