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. --- - - --- r <br /> 06/27/2016 <br /> RESOLUTION NO. 15501 <br /> A RESOLUTION OF THE CITY OF REDWOOD CITY <br /> ESTABLISHING APPROPRIATIONS LIMIT FOR FISCAL YEAR <br /> 2016-17 <br /> WHEREAS, Article XIII B of the Constitution of the State of California places <br /> various limitations on the City's powers of appropriation; and <br /> WHEREAS, Division 9 (commencing with Section 7900) of the Government <br /> Code implements said Article XIII B and requires that each local jurisdiction shall, <br /> by resolution, establish its appropriations limit for the following year. <br /> NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY <br /> OF REDWOOD CITY AS FOLLOWS: <br /> This Council does hereby establish as the appropriations limit for Fiscal <br /> Year 2016-17, the amount of $648,487,191, calculated in accordance with the <br /> provisions of Division 9 (commencing with Section 7900) of the California <br /> Government Code. <br /> Proposition 4 Appropriation Limitations <br /> Fiscal Year 2016-17 <br /> Appropriation Limit FY 2015-16 $ 602,484,739 <br /> Percentage change in statewide per capita 5.37% <br /> personal income <br /> Percentage increase in City population growth 2.15% <br /> 1.0537 x 1.0215= 1.07635 <br /> Appropriation Limit FY 2016-17 $ 648,487,191 <br /> * � * <br /> ATTY/RES0.0053/CC RESO ESTABLISHING APPROPRIATION LIMIT FY 16-17 RE50.N0.15501 <br /> REV:06-10-161S MUFF N0.501 <br /> Page 1 of i <br />