2006-091-Establishing The 2006/07 FY Appropriation Limit For The TownRESOLUTION 2006 -091
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE 2006/07 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 111 passed by the voters in June
1990, as audited, reflect the appropriate statistics relevant to the calculation of the 2006/07 Fiscal
Year Appropriation Limit:
1. County population adjustments for 2006/07, plus 1.0118 (One point zero, one, one, eight
percent)
2. Town population adjustments for 2006/07, plus 1.0044 (One point zero, zero, four, four
percent)
3. Per Capita personal income change for 2006/07, plus 1.0396 (One point zero, three, nine, six
percent).
THEREFORE, BE IT RESOLVED, based on the foregoing figures and the provisions
of Article XIIIB of the Constitution of the State of California, the following figure accurately
represents the 2006/07 Fiscal Year Appropriation Limit for the Town of Los Gatos as:
$23,956,089 (Twenty Three Million, Nine Hundred Fifty Six Thousand, Eighty Nine Dollars).
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 21st day of August, 2006 by the following vote:
COUNCIL MEMBERS:
AYES: Steve Glickman, Joe Pirzynski, Barbara Spector, Mike Wasserman,
Mayor Diane McNutt
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED: � /.,211' AAA#
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
C DMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA