1985-096-Setting The FY 1985-86 Appropriations Limit For Revenue Generated From "Proceeds Of Taxes" Pursuant To Article XIII(B) Of The State ConstitutionRESOLUTION NO. 1985-96
A RESOLUTION SETTING THE FY 1985-86 APPROPRIATIONS
LIMIT FOR REVENUE GENERATED FROM "PROCEEDS OF TAXES"
PURSUANT 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 has determined its appropriations limits for the
fiscal year beginning July 1, 1985, and ending June 30, 1986;
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 1985-1986 is
established at $7,797,648.
PASSED AND ADOPTED by the Town Council of the Town of Los Gatos at a
reqular meeting held this 17th day of June 1985,
by the following vote:
AYES: COUNCIL MEMBERS Eric D. Carlson, Terrence J. Daily,
Brent N. Ve n
HOES: COUNCIL MEMBERS
ABSENT: COUNCIL MEMBERS Thomas J. Ferrito
ABSTAIN: COUNCIL MEMBERS None
SIGNED:
WYMOR OF THE TOWN OF`-LOS T OS
ATTEST:
'OF THE TOWN OF LOS�"