1986-104-Setting The FY 1986-87 Appropriations Limit For Revenue Generated From "Proceeds Of Taxes" Pursuant To Article XIII (B) Of The State ConstitutionRESOLUTION NO. 1986 -104
A RESOLUTION SETTING THE FY 1986 -87 APPROPRIATIONS
LIMIT FOR REVENUE GENERATED FROM "PROCEEDS OF TAXES"
PURSUANT TO ARTICLE XIII (B) OF THE STATE CONSTITUTION
WHEREAS, Article XIII(a) 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, 1986 and ending June 30,
1987.
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 1986 -87 is established at $8,626,844.
PASSED AND ADOPTED at a continued regular meeting of the Town Council of
the Town of Los Gatos, California, held on the 14th day of July, 1986,
by the following votes:
AYES: COUNCIL MEMBERS Joanne Benjamin, Thomas J. Ferrito
and Mayor Terrence J. Daily
NOES: COUNCIL MEMBERS Eric D. Carlson
ABSTAIN: COUNCIL MEMBERS
ABSENT: COUNCIL MEMBERS Brent N. Ventura
SIGNED:
MAYOR OF THE T OF LOS GA OS
ATTEST:
CLE K OF TH OWN 6 LO GATOS