2019-031 - Establishing the FY 2019-20 Appropriations LimitRESOLUTION 2019 -031
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE FY 2019/20 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 2019/20 is $43,333,304 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 4th day of June 2019 by the following vote:
COUNCIL MEMBERS:
AYES: Marcia Jensen, Rob Rennie, Marico Sayoc, Barbara Spector, Mayor Steven Leonardis
NAYS: None
ABSENT: None
ABSTAIN: None
MAYOR OF THE TOWN OF LC
LOS GATOS, CALIFORNIA
DATE:
i
ATTEST:
lz�kv&� `tU5A
TOWN CLERK OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
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Resolution 2019 -031 June 4, 2019
APPROPRIATION LIMIT FACTORS
For
Beginning
County
Town
Per Capita
Ending
%
YE
Appropriation
Population
Population
Income
Appropriation
Limit
June 30
Limit
Factor
Factor
Factor
Limit
Increase
2009
26,416,980
1.0172
1.0318
1.0429
28,426,367
7.61%
2010
28,426,367
1.0156
1.0108
1.0062
29,048,811
2.19%
2011
29,048,811
1.0126
1.0101
0.9746
28,667,689
-1.31%
2012
28,667,689
1.0089
1.0096
1.0251
29,669,366
3.49%
2013
29,669,366
1.0124
1.0081
1.0377
31,169,671
5.06%
2014
31,169,671
1.0157
1.0147
1.0512
33,279,977
6.77%
2015
33,279,977
1.0150
1.0102
0.9977
33,701,485
1.27%
2016
33,701,485
1.0113
1.0020
1.0382
35,384,256
4.99%
2017
35,384,256
1.0126
1.0070
1.0537
37,754,174
6.70%
2018
37,754,174
1.0081
1.0040
1.0369
39,464,396
4.53%
2019
39,464,396
1.0099
1.0050
1.0367
41,317,775
4.70%
2020
41,317,775
1.0099
1.005
1.0385
43,333,304
4.88%
FY 2019/20 Calculation
County
Per Capita
2018/19
2019/20
Population
Income
Appropriation
Appropriation
Appropriation
Factor
Factor
Factor
Limit
Limit
1.0099 X
1.0385
= 1.048781
X $41,317,775 =
$ 43,333,304
Percentage of Appropriation
2019/20 2019/20 Percentage
Tax Appropriation of
Duo --.- I;-;. limit
JU,44 /,J /1 � J 4J,JJJ,JVY = /V %O
EXHIBIT A
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Resolution 2019 -031 June 4, 2019