HomeMy WebLinkAboutCC Res 3073 1981-06-22
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RESOLUTION NO. 30 13
A RESOLUTION OF THE CITY OF SEAL BEACH,
CALIFORNIA, ESTABLISHING THE APPROPRIATIONS
LIMIT FOR FISCAL 1981-82 AS REQUIRED BY
ARTICLE XIII B OF THE STATE CONSTITUTION
MORE COMMONLY REFERRED TO AS PROPOSITION 4,
THE GANN INITIATIVE.
THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
WHEREAS,
it is desirable to establish, each fiscal year, an
appropriations limit to curtail expenditure 9f tax revenues
in conformity with Article XIII B of the State Constitution;
and
WHEREAS,
it is important to set the aforementioned appropriations
limit before adoption of the annual city budget for the
following fiscal year; and
it has been determined that establishment of an appropriations
limit is a legislative act.
NOW, THEREFORE BE IT RESOLVED that for the fiscal year ending June 30, 1982
the City of Seal Beach establishes an appropriations limit of $4,492,747.
Be it also resolved the foregoing appropriations limit excludes proposed
appropriations of $5,251,359 which are not subject to the spending
limitations imposed by Article XIII B of the State Constitution.
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WHEREAS,
PASSED, APPROVED AND ADOPTED bY~~ Council of/the City of Seal Beach at
a meet i ng thereof held on the day of'..,.. ?.:.Jr Il , 1981 by the
following vote: ) /.' J
AYES: Counci 1 member ..!. tlt.tt~
NOES: Councilmembers 0' )
ABSENT:
Counci 1 member
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ayor
ATTEST:
4 b
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