1981-037-Setting An Appropriations Limit For Revenue Generated From 'Proceeds For Taxes" Pursuant To Article XIII B Of The State ConstitutionRESOLUTION NO. 1981 -37
A RESOLUTION SETTING AN APPROPRIATIONS LIMIT FOR
REVENUE GENERATED FROM "PROCEEDS OF TAXES" PUR-
SUANT TO ARTICLE XIII B OF THE STATE CONSTITUTION.
WHEREAS, Article XIII B of the California State Constitution provides that
local governments are subject to an appropriations limit from
revenues designated as "proceeds of taxes," and
WHEREAS, the Town of Los Gatos adopted an appropriations limit for the
fiscal year beginning July 1, 1980, and ending June 30, 1981,
on June 16, 1980; and
WHEREAS, the Town wishes to amend that appropriations limit so that the
limit is calculated based on Uniform Guidelines published by
the League of California Cities;
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Los Gatos,
County of Santa Clara, State of California, that the appropriations
limit for the Town of Los Gatos for the fiscal year 1980 -1981 is
established at $5,790,800.
PASSED AND ADOPTED BY THE TOWN COUNCIL OF THE TOWN OF LOS GATOS at a
continued regular meeting held this 23rd day of
February 1981, by the following vote:
AYES: COUNCIL MEMBERS Ruth Cannon, Nlaj J.
Rasmussen Peter W. Siemens Brent N Ventura,
and .Thomas J. Ferrito
NOES: COUNCIL MEMBERS
ABSENT: COUNCIL MEMBERS
ABSTAIN: COUNCIL MEMBERS
SIGNED: _
MAYOR T OF THE N F LOS GATOS
ATTEST:
r ,
ER OF THE TOWN OF LOS,fiTOS
Ei
-12-