HomeMy WebLinkAbout059-87 RESOLUTION NO. 59-87
A Resolution of the Town Council of the Town of Danville
Establishing an Appropriation Limit for Fiscal Year 1987-88
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 Town Council, upon receipt of new information may amend the
appropriation limit;
NOW, THEREFORE BE IT RESOLVED, that the 1987-88 appropriation limit for the
Town of Danville for fiscal year 1987-88 shall be five million six hundred
sixty-two thousand seven hundred seventy-three dollars ($5,662,773).
PASSED, APPROVED AND ADOPTED on the 15th day of June, 1987, by the following
vote:
AYES:
Kennett, Lane, McNeely, 0ffenhartz, Schlendorf
NOES: None
ABSENT: None
ATTEST:
CITY CLERK
0 ILLE