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HomeMy WebLinkAbout052-86DANVILLE RESOLUTION NO. 52-86 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DANVILLE Establishing an Appropriation Limit for Fiscal Year 1986-7 WHEREAS, Article XIIIB of the State Constitution requires that the governing body of each political subdivision establish a limit on the appropriation of tax revenue each fiscal year; and WHEREAS Government Code sections 7900 to 7913 outline the method for calculating that limit; and WHEREAS the calculations have been made using the information furnished by the State Department of Finance in the manner established in the Government Code and are incorporated into this resolution; and WHEREAS the City Council, upon receipt of new information may amend the appropriation limit; NOW, THEREFORE BE IT RESOLVED, that the appropriation limit for the City of Danville for fiscal year 1986-87 shall be five million, four hundred forth-five thousand, two hundred eighty-six dollars ($5,445,286). PASSED, APPROVED AND ADOPTED on the 16th day of June, 1986, by the following vote: AYES: Kennett, Lane, Offenhartz, Schlendorf NOES: McNeely ABSENT: None Attest: 510 La Gonda Way · Danville, California 94526 (415) 820-6337