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Town of Truckee <br /> <br />California <br /> <br />RESOLUTION NO. 98-24 <br /> <br />A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE <br />ESTABLISHING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 1998-1999 <br />PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION <br /> <br />WHEREAS, Article XIIIB of the California Constitution provides that the total annual <br />appropriations subject to limitation of each governmental entity, including this Town, shall not <br />exceed the appropriation limit of such entity of government for the prior year adjusted for changes <br />in population and inflation mandated by Proposition 4 passed in November, 1979, and Proposition <br />111 in June, 1990, except as otherwise provided for in said Article XIIIB and implementing State <br />statutes; and <br /> <br />WHEREAS, pursuant to said Article XIIIB of said Califomia Constitution, and Section 7900 et seq. <br />of the California Government Code, the Town is required to set its appropriation limit for each fiscal <br />year; and <br /> <br />WHEREAS, the Town Manager has interpreted the technical provisions of said Propositional <br />computations and bas caused a technical review to be made of the documentation for the Town's said <br />appropriation limitation, and has caused the numbers upon which the Town's appropriation limit was <br />and is based to be calculated, and in the process has relied on the temporary base limit approved by <br />the voters upon incorporation on November 3, 1992, to the present fiscal year of 1998-1999; and <br /> <br />WHEREAS, based on such calculations the Town Manager has determined the appropriation limit <br />and, pursuant to Section 7910 the Califomia Government Code, has made available to the public the <br />documentation used in the determination of said appropriation limit; <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF <br />TRUCKEE, that said appropriation limit for fiscal year 1998-99 shall be and is hereby set in the <br />amount of $7,018,145 for said fiscal year. <br /> <br /> <br />