CITY OF ALAMEDA RESOLUTION NO. _____
ESTABLISHING THE APPROPRIATIONS LIMIT FOR F ISCAL YEAR
2024-25
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) 2024-25; 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 1990, 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 2024-25 limit are as follows:
City Population change of 1.21%;
Non-residential New Construction change of 4.99%
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 $168,614,381 for FY 2024-25.
* * * * * *
I, the 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 18th day of June 2024, 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 19th day of June 2024.
_________________________
Lara Weisiger, City Clerk
City of Alameda
APPROVED AS TO FORM:
_____________________
Yibin Shen, City Attorney
City of Alameda