1999-082-Establishing The 1999-00 Fiscal Year Appropriation Limit For The TownRESOLUTION 1999 -82
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE 1999 -00 FISCAL YEAR APPROPRIATION LIMIT
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 1999 -00 Fiscal Year Appropriation
Limit;
County population adjustments for 1999 -00, plus 1.0173 (One point zero one seven three percent)
Town population adjustments for 1999 -00, plus 1.0071 (One point zero zero seven one percent)
Per Capita Personal Income change for 1999 -00, plus 1.0453 (One point zero four five three 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
1999 -00 Fiscal Year Appropriation Limit for the Town of Los Gatos as calculated by the Town's Finance
Department: $17,795,040 (Seventeen Million, Seven Hundred Ninety -Five Thousand, Forty Dollars).
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California,
held on the 21 st day of June, 1999 by the following vote:
COUNCIL MEMBERS:
AYES: Steven Blanton, Linda Lubeck, Joe Pirzynski, Mayor Jan Hutchins
NAYS: None
ABSENT: Randy Attaway
ABSTAIN: None
ATTEST:
CLERK OF TI- IE''- .PO'W'N OF O GATOS
LOS GATOS, CALIFORNIA
YEAR
PER
ENDED
BEGINNING
COUNTY
CITY
CAPITA
ENDING
JUNE 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
1 1,293,102
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
15,73 3,993
1999
15,733,993
1.0212
1.0137
1.0415
16,734,357
2000
16,734,3 57
1.0173
1.0071
1.0453
17,795,040