1998-095-Establishing The 1998-99 Fiscal Year Appropriation Limit Of The TownRESOLUTION 1998 - 95
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE 1998 -99 FISCAL YEAR APPROPRIATION LIMIT
FOR THE TOWN OF LOS GATOS
WHEREAS, the Town of Los Gatos has established its Base Year appropriation limit
as $5,849,120 (Five Million, Eight Hundred Forty -nine, One Hundred Twenty Dollars); and
WHEREAS, the cumulative appropriate changes to the Town's population, the
Consumer Price Index, and per capita income statewide since the Base Year established the revised
Proposition 111 1996 -97 fiscal Year Appropriation Limit as $14,714,173 (Fourteen Million, Seven Hundred
Fourteen Thousand, One Hundred Seventy Three Dollars) as adjusted; and
WHEREAS, to the best of this Town's knowledge and belief, the State Department of
Finance figures provided to this town in response to Proposition 1 I 1 passed by the voters in June 1990, as
audited, reflect the appropriate statistics relevant to the calculation of the 1998 -99 Fiscal Year Appropriation
Limit;
County population adjustments for 1999, plus 1.0212 (One point zero two one two percent)
Town population adjustments for 1999, plus 1.0 13 7 (One point zero one three seven percent)
Per Capita Personal Income change for 1998 -99, plus 1.0415 (One point zero four one five percent).
THEREFORE, BE IT RESOLVED, based on the foregoing figures and the provisions
of Article XMB of the Constitution of the State of California, the following figure accurately represents the
1998 -99 Fiscal Year Appropriation Limit for the Town of Los Gatos as calculated by the Town's Finance
Department: $16,734,357 (Sixteen Million, Seven Hundred Thirty -Four, Three Hundred Fifty -Seven
Dollars).
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 15th day of June, 1998 by the following vote:
COUNCIL MEMBERS:
AYES: Joanne Benjamin, Steven Blanton, Mayor Linda Lubeck
NAYS: None
ABSENT: Randy Attaway, Jan Hutchins
ABSTAIN: None .
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK OF THE TOWN OF LOSS3ATOS
LOS GATOS, CALIFORNIA
YEAR
PER
ENDED
BEGINNING
COUNTY
CITY
CAPITA
ENDING
NNE 30
LIMIT
POPULATION
POPULATION
INCOME
LIMIT
1988
$8,626,844
1.0063
0.9925
1.0347
$8,982,431
1989
8,982,431
1.0116
1.0023
1.0466
9,510,064
1990
9,510,064
1.0133
1.0087
1.0519
10,136,684
1991
10,136,684
1.0133
0.9983
1.0421
10,703,932
1992
10,703,932
1.0131
1.0058
1.0414
11,293,102
1993
11,293,102
1.0148
1.0117
0.9936
11,386,894
1994
11,386,894
1.0171
1.0128
1.0272
11,896,630
1995
11,896,630
1.0160
1.0201
1.0071
12,221,916
1996
12,221,916
1.0170
1.0001
1.0472
13,016,370
1997
13,016,370
1.0800
1.0070
1.0467
14,714,173
1998
14,714,173
1.0216
1.0201
1.0467
15,733,993
1999
15,733,993
1.0212
1.0137
1.0415
16,734,357