...Title
Adoption of the Annual Appropriation Ordinance and Annual Funding Sources Resolution for the Fiscal Year 2019-2020 Budget, and Resolution Establishing the Fiscal Year 2019-2020 Appropriation Limit.
...Recommendations
(a) Adopt the Annual Appropriation Ordinance, including transfers and loans for Fiscal Year 2019-2020 and the Manager’s Final Budget Addendum.
(b) Adopt the Annual Funding Sources Resolution for Fiscal Year 2019-2020 and the Manager’s Final Budget Addendum.
(c) Adopt a resolution taking the following actions with respect to the City’s 2019-2020 “Gann Limit”:
(1) Elect the per capita income index as the inflation factor for 2019-2020 on a provisional basis, with the option to adjust the Limit, if necessary, once the non-residential assessment data is available from the County Assessor;
(2) Elect the County of Santa Clara population growth index as the population factor for 2019-2020; and
(3) Establish the Fiscal Year 2019-2020 Appropriation Limit at $1,200,841,972 in compliance with Article XIIIB of the State Constitution.
CEQA: Not a Project, File No. PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impact on the environment. (City Manager)
TO BE HEARD BEFORE CONSENT CALENDAR