HomeMy WebLinkAboutReso 55-21 Gann Appropriations Limit for FY 21-22RESOLUTION NO. 55-21
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA,
ESTABLISHING THE ANNUAL PROPOSITION 4
APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2021/22
THE CITY COUNCIL
City of Morro Bay, California
WHEREAS, Article XIIIB of the California Constitution restricts the appropriation of
tax proceeds that the City receives in any given fiscal year; and
WHEREAS, the City has calculated the FY 2021/22 appropriations limit, in
accordance with the provisions of Article XIIIB of the California Constitution; and
WHEREAS, in June 1990, the California voters approved Proposition 111,
amending the Gann Initiative to provide local agencies with the option of using either the
city or county population change percentage.
WHEREAS, the City has complied with Government Code 7910.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro
Bay, California, to adopt Resolution No. 55-21, which accepts the calculation of the FY
2021/22 appropriations limit, as prepared by the Morro Bay Finance Department, and
establishes the FY 2021/22 appropriations limit at $30,559,247.
PASSED AND ADOPTED, by the City Council of the City of Morro Bay, at a regular
meeting thereof held on the 10th day of August 2021, by the following vote:
AYES: Headding, Addis, Barton, Heller
NOES. None
ABSENT: None
JOH ' HEADDING, Mayor
ATTEST:
DANA SWANSON, City Clerk