Speaker 2: For appropriations limit for fiscal year 20 1516. An adoption of resolution.
Speaker 0: Establishing the appropriations.
Speaker 2: Limit.
Speaker 5: So moved.
Speaker 1: That staff. Can you spare a second? I can. All right, Staff, can you explain the necessity of this?
Speaker 2: Yes, it's actually.
Speaker 1: Winston's.
Speaker 0: Good.
Speaker 2: So I don't have an actual presentation for it. This is required by the state law to approve an appropriations limit. So what? In short, it does is that saying you cannot collect, you cannot spend more money. You cannot spend more money than you collect in taxes. And there is a limit set on how much taxes you can assess. And that dollar, that amount is set annually in. It can be increased annually. And there's two factors that you could use. One of them and each factor has two variables to it. One is the population factor, which gives you to pick either increase in county or the city population, which in our particular case, this time around, the county growth was greater than the city growth. And therefore, we're using account county growth. And the second factor is related to.
Speaker 5: Per capita income.
Speaker 2: Yes, the per capita income, which you have two choices. You can have state per capita income increase that is generally provided by Department of Finance. Or you can look at the nonresidential construction value, which in our particular case this year, the nonresidential construction value, the increase was 6.09%, whereas the state per capita income was only 3.82%. So we recommend to adopt those two factors, which is the nonresidential construction and the county growth in calculating the city's appropriations limit.
Speaker 1: Thank you. All right. We have company. Yes. Member Ashcroft.
Speaker 5: Is that impressive or what? It's midnight. She did that without looking at notes. And I had to read that stuff about three times to just then underline to make it all makes sense. So very impressive. Mr..
Speaker 2: Thank you.
Speaker 1: Any other member comments? All those in favor.
Speaker 0: I.
Speaker 1: Oppose. Abstentions passes unanimously. Thank you. And now I will adjourn the City Council and FCIC meeting. Thank you very much. And so actually, we now resume two closed session. How does that work? And so we're not really adjourned. Right. Right. And we'll be reporting out. Yes.
Speaker 2: I'm back out.
Public Hearing to Establish the Proposition 4 (Appropriations) Limit for Fiscal Year (FY) 2015-16 and Adoption of  Resolution Establishing the Appropriations Limit for FY 2015-16. [CITY COUNCIL] (Finance 2410)