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Res 257RESOLUTION NO. 257 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR ENDING JUNE 30, 1983 WHEREAS, the Gann Initiative or Proposition 4, hereby referred to as Article XIIIB of the Constitution of the State of California, was passed by the people; and WHEREAS, Article XIIIB mandated an appropriations limit on various units of government, including the City of Poway; and WHEREAS, that limit has been calculated by the Finance Division of the City of Poway using current guidelines provided by the League of California Cities; and WHEREAS, the City Council of the City of Poway desires to formally adopt that appropriations limit for the City. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway that in accordance with Article XIIIB of the Constitution of the State of California the appropriations limit for the City of Poway for Fiscal Year 1982-83 is $7,533,457. PASSED AND ADOPTED by the City Council of the City of Poway, California, held at a regular meeting thereof on the 29th day of June, 1982. Mary Sh~ardso~, Mayor ATTEST: Marjo~ie~. Wahlsten, City Clerk