HomeMy WebLinkAboutResolution 047-88 RESOLUTION NO 47-88
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ATASCADERO
ADOPTING AN ADJUSTED PROPOSITION 4 BASE YEAR
LIMIT AND A RECALCULATION OF EACH SUBSEQUENT YEAR 'S
PROPOSITION 4 LIMIT THROUGH THE 1988-1989 BUDGET YEAR
WHEREAS, the City of Atascadero has adopted Resolution No .
126-85 exchanging property tax revenue with San Luis Obispo
County; and
WHEREAS, this exchange increased the amount of property tax
received by the City; and
WHEREAS, this had an impact on the base year calculation for
Proposition 4; and
WHEREAS, adjustments to the base year for Proposition 4 must
also be done to exclude franchise fees and S8325 revenues from
the Proposition 4 limit ;
NOW, THEREFORE, BE IT RESOLVED, that the Atascadero City
Council does hereby adopt a recalculated Proposition 4 base year
and all subsequent year 's Proposition 4 limits as presented on
the attached summary.
On motion by Councilperson Lilley and seconded
by Councilperson Mackey , the foregoing resolution is
hereby adopted in its entirety on the following roll call votes:
AYES: Councilmembers Lilley, Mackey, Dexter, Shiers, and Mayor Borgeson
NOES: None
ABSENT: None
ADOPTED: June 28, 1988
CITY OF ATASCADERO, CALIFORNIA
By:
Mayor
ATTEST
BOYD SHARITZ, City C
i
i
(Res. No. 47-88 con ' t . )
PREPARED BY:
OJ 1"A A�
DAk7ID'Jff. J GENSEN, Interim Director
of Admin s at
ive Services
APPROVED AS TO CONTENT:
BILL HANLEY Interim City Manager
APPROVED A TO FORM:
lyhA e A-.V &/Z40tqdAe,-2e%.,
EY r7EN, City Attorney
.I
CITY OF ATASCADERO
PROPOSITION 4
RECALCULATIONS
JUNE 1988
CPI POP. PROP 4 APPROP.
YEAR CHANGE CHANGE FACTOR LIMIT AMOUNT DIFFERENCE
(BASE
1980-81 YEAR)* 2,353,499
1981-82 9. 12 1 .89 11 . 18 2,616,620 1 ,855,528 761 ,092
1982-83 6.79 4.92 12.04 2,931 ,661 2,026,597 905,064
1983-84 2.35 2.91 5.33 3,087,919 2,076,816 1 ,011 , 103
1084-85 4.74 2.88 7.76 3,327,542 2,449,352 878, 190
1985-86 3.74 3.46 7.33 3,571 ,451 2,749,970 821 ,481
1986-87 2.30 6.27 8.71 3,882,524 3,435,787 446,737
1987-88 3.04 4.86 8.05 4, 195,067 3,744 ,425 450,642
1988-89 3.93 6. 17 10.34 4,628,837 4,302,703 326, 134
# Normal base year was 1978-79. Atascadero ' s first full year of
operation was i980-81 hence this became our base year .
\newprop4
Effective for all California Cities July 1 , 1980.