HomeMy WebLinkAbout071-94RESOLUTION NO. 71-94
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF DANVlIJ.E
ADOPTING THE 1994-96 FINANCIAL PLAN AND SETrING
THE 1994-95 APPROPRIATION LIMIT
WHEREAS, a proposed Financial Plan for the fiscal years beginning July 1, 1994 and
ending June 30, 1996 were submitted to the Town Council on May 3, 1994; and
WHEREAS, the Town Council held four study sessions and one public hearing to
discuss the proposed Financial Plan; and
WHEREAS, the Town Council made various revisions to the proposed Financial Plan;
and
WHEREAS, the Town Council is required to adopt an appropriation limit for proceeds
of taxes; and
WHEREAS, this limit fixes the amount of general tax revenue that can be appropriated
in a given fiscal year; and
WHEREAS, any excess revenue must be returned to the taxpayers; and
WHEREAS, pursuant to Proposition 111 passed by the voters in June 1990, the Town
has selected the growth in the non-residential assessed valuation due to new
construction within the city and the change in Town population as the adjustment
factors for 1994-95; now therefore, be it
RESOLVED, that the Town Council of the Town of Danville does hereby adopt the
proposed 1994-96 Financial Plan; and be it further
RESOLVED, that the Town Council of the Town of Danville does hereby set the fiscal
year 1994-95 appropriation limit at $9,854,590.
APPROVED, by the Danville Town Council at a regular meeting on June 7, 1994 by the
following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
APPI~.OVED AS TO FORM:
ATTEST:
CITY CLERK