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R-062-16 Approving and adopting the Annual GANN Limit for FY 2016-17 (6.21.16)
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R-062-16 Approving and adopting the Annual GANN Limit for FY 2016-17 (6.21.16)
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11/11/2020 10:30:37 AM
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Schedule A <br />CITY OF COLTON <br />2016-2017 APPROPRIATIONS LIMITATION <br />As indicated by Schedules A and B, the percentage increase to Colton's Appropriation Limit is <br />0.9799% . The 2016-2017 limit is $72,111,604. The amount subject to limitation in the 2016-2017 <br />Adopted Budget is $17,446,050. The City of Colton is $54,665,554 under its lawful limitation. <br />The calculation consists of two (2) factors: <br />A. Prior Year's limit <br />B. Adjustment factors: <br />a. Price factor (per capita change) 1.0537 <br />b. County Population % increase 0.93 <br />Total Adjustment % (a ' b) 0.9799 <br />C. Annual Adjustment (AB) <br />D. Other Adjustments <br />E. 2016/2017 Appropriation Limit. <br />Appropriations Subiect to Limitation: <br />2016-2017 Year Limit <br />Proceeds from Taxes - Appropriations Subject to Limitation <br />Total Under the Limitation <br />73,587,700 <br />72,111,604 <br />72,111,604 <br />72,111,604 <br />(17,446,050) <br />54,665,554 <br />
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