2018-027 - Establishing FY 2018/19 Appropriations LimitRESOLUTION 2018 -027
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE FY 2018/19 APPROPRIATIONS LIMIT
FOR THE TOWN OF LOS GATOS
WHEREAS, Article XIIIB of the California Constitution (Limitation of Government
Appropriations) was passed by the California electorate on November 6, 1979, and became
effective on July 1, 1980; and
WHEREAS, Chapter 1205, Statute of 1980, Section 7900 of the California Government
Code formally implements methods for governmental entities to establish and define annual
appropriations limits; and
WHEREAS, the growth factors used to calculate the Annual Appropriations Limit are
County or Town population change and the increase in the California per capita income.
THEREFORE, BE IT RESOLVED: that the Annual Appropriations Limit for the Town of Los
Gatos for FY 2018/19 is $41,317,775 as reflected in Exhibit A.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on the 5 1 day of June, 2018 by the following vote:
COUNCIL MEMBERS:
AYES: Marcia Jensen, Steve Leonardis, Marico Sayoc, Barbara Spector, Mayor Rob Rennie
NAYS: None.
ABSENT: None.
ABSTAIN: None.
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: i, / 8
ATTEST
TOWN CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: iQ (Q La-
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Resolution 2018 -027 June 5, 2018
APPROPRIATION LIMIT FACTORS
For
Beginning
County
Town
Per Capita
Ending
YE
Appropriation
Population
Population
Income
Appropriation
June 30
Limit
Factor
Factor
Factor
Limit
2009
26,416,980
1.0172
1.0318
1.0429
28,426,367
2010
28,426,367
1.0156
1.0108
1.0062
29,048,811
2011
29,048,811
1.0126
1.0101
0.9746
28,667,689
2012
28,667,689
1.0089
1.0096
1.0251
29,669,366
2013
29,669,366
1.0124
1.0081
1.0377
31,169,671
2014
31,169,671
1.0157
1.0147
1.0512
33,279,977
2015
33,279,977
1.0150
1.0102
0.9977
33,701,485
2016
33,701,485
1.0113
1.0020
1.0382
35,384,256
2017
35,384,256
1.0126
1.0070
1.0537
37,754,174
2018
37,754,174
1.0081
1.0040
1.0369
39,464,396
2019
39,464,396
1.0099
1.0050
1.0367
41,317,775
FY 2018/19 Calculation
County
Per Capita
2016/17
2018/19
Population
Income
Appropriation
Appropriation
Appropriation
Factor
Factor
Factor
Limit
Limit
1.0099 X
1.0367
= 1.04696333
X $ 39,464,396 =
$ 41,317,775
Percentage of Appropriation
2018/19 2018/19 Percentage
Tax Appropriation of
Revenues Limit Limit
28,397,482 / $ 41,317,775 = 69%
Limit
Increase
7.61%
2.19%
-1.31%
3.49 °%
5.06 °%
6.77 °%
1.27%
4.99%
6.70%
4.53%
4.70%
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Resolution 2018 -027 June 5, 2018