Current as of: 2010 The governing body of any city incorporated after July 1,
1978, but prior to January 1, 1980, may, by resolution, adopt an
appropriations limit for the purposes of Article XIII B of the
California Constitution determined in the following manner:
(a) If the city's first full fiscal year of operation was the
1979-80 fiscal year, the appropriations limit of the city for fiscal
year 1980-81 shall be equal to the total amount of proceeds of taxes
received for fiscal year 1979-80 adjusted for changes in the cost of
living and population and such other changes as may be required or
permitted by Article XIII B.
(b) If the city's first full fiscal year of operation is the
1980-81 fiscal year, the governing body of the city shall, prior to
July 1, 1980, estimate the amount of revenue anticipated to be
received by the city from the proceeds of taxes for the 1980-81
fiscal year. This amount shall be the appropriations limit of the
city for the 1980-81 fiscal year. For the 1981-82 fiscal year and
each fiscal year thereafter, the appropriations limit of the city
shall be equal to the total amount of proceeds of taxes received for
fiscal year 1980-81 adjusted for changes in the cost of living and
population and such other changes as may be required or permitted by
Article XIII B.
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