CITY OF ALAMEDA RESOLUTION NO. _____
ESTABLISHING APPROPRIATIONS LIMIT FOR FISCAL YEAR
2023-24
WHEREAS, pursuant to Article XIIIB of the Constitution of the State of California, the City Council of the City of Alameda is required to establish an appropriations limit for Fiscal Year (FY) 2023-24; and
WHEREAS, the Appropriations Limit has been determined in accordance with uniform guidelines for Article XIIIB of the California Constitution; and
WHEREAS, the voters approved Proposition 111 in June 1 990, which allows for new adjustment formulas for the appropriations limit calculation that is responsive to local growth issues; and
WHEREAS, the adjustment factors used to arrive at the FY 2023-24 limit are as follows:
City Population change of (0.20)%;
Non-residential New Construction change of 4.45%
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Alameda that said Council hereby establishes the Appropriations Limit in the a mount of $158,680,387 for FY 2023-24.
* * * * * *
I, th e undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 20th day of June 2023, by the following vote to wit:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal of said City this 21st day of June 2023.
_________________________
Lara Weisiger, City Clerk
City of Alameda
APPROVED AS TO FORM:
_______________________
Yibin Shen, City Attorney
City of Alameda