HomeMy WebLinkAboutCC Res 2980 1980-06-23
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RESOLUTION NO. ~9.ao
A RESOLUTION OF THE CITY OF SEAL BEACH,
CALIFORNIA, ESTABLISHING THE APPROPRIATIONS
LIMIT FOR FISCAL 1980-81 AS REQUIRED BY
ARTICLE XIII B OF THE STATE CONSTITUTION
MORE COMMONLY R~FERRED 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 of 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, 1981
the City of Seal Beach establishes an appropriations limit of $4,484,797.
Be it also resolved the foregoing appropriations limit excludes proposed
appropriations of '$3,518,769 which are not subject to the spending
limitations imposed by Article XIII B of the State Constitution.
WHEREAS;
AYES:
NOES:
f;
PASSED, APPROVED AND ADOPTED by t~ty Council of
at a meeting thereof held on the ~ day of
following vote:
he City of Seal Beach
1980 by the
Counci lmembers
Counci 1 members
ABSENT: Councilmembers
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ayor
ATTEST:
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