CC Resolution No. 9639 ~ RESOLUTION NO. 96~
A RESOLUT[ON OF THG CI'I'Y COUNCIL OF TfiE Ct'CY Of CUPERTINO
ESTABLISHING AN APPROPRIATtON LIMIT FOR F[SCAL YGAR
1996-97
WHEREAS, the State of Califomia has adopted legislation requiring Ioca1
jurisdictions to calculate their appropriation limits in complying with Article XIII B; and
WHEREAS, said limiu sue determined by a formula bnsed upon change in
populntion, (city or county), combined with either the chAnge in inflntion (Califomia per
capita income) or the change in the local assessment roll due to local nonresidential
construction; and
WHEREAS, the tocal governing body is required to set an appropriation limit by
adoption af a resolution; und
WHEREAS, the county population percentuge change is 1.12% and the Califomia
per capitu personal income change is 4.671
In computing the 1996-97 limit, City Council has elected to use the county
population percentage change, and the California per capita income change was used, but
the Council has a right to change to nonresidential assessed valuation percentage when
the figure is nvailable.
NOW, THERF,FORE, BE IT RESOLVED that the City Council of the city of
Cupertino hereby upproves a 1996-97 fiscal appropriation limit of $31,500,138.
PASSED AND ADOPTED at a resular meeting of the City Council of the City of
Cupertino this 17th day of June 1996, by the following vote:
y~ Members of the City Council
AYES: Bautista, Chang. Dean, Sorensen, Burnett
NOES: None
ABSENT: None
ABSTAIN: None
APPROVED:
c~~~~~
Mayor, ity of Cupertmo
ATTEST: .
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City Clerk ~
resolution rcs9639.dnc