City appropriation limit update
Cities are only allowed to take a certain percentage of tax money by state law and must adjust their limit yearly.
Upland approved it's limit during Monday's city council meeting.
The appropriations limit for the 2009-10 fiscal year is $65,517,163, but the amount subject to the limitation is $31,249,828. Upland is more than $34 million under the appropriation limit.
The allowed growth in the appropriations limit is calculated by taking the greater percentage of growth in population within the city, or county, and multiplying the percentage by the change in per capita personal income, according to the staff report.
Upland approved it's limit during Monday's city council meeting.
The appropriations limit for the 2009-10 fiscal year is $65,517,163, but the amount subject to the limitation is $31,249,828. Upland is more than $34 million under the appropriation limit.
The allowed growth in the appropriations limit is calculated by taking the greater percentage of growth in population within the city, or county, and multiplying the percentage by the change in per capita personal income, according to the staff report.
Recent Comments