GANN LIMIT RESOLUTION Town of Atherton
Appendix C
Appendix-C
Appropriation spending limit (Gann Limit)
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF
ATHERTON ESTABLISHING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2025-2026 PURSUANT TO ARTICLE X111 B OF
THE CALIFORNIA CONSTITUTION
WHEREAS, Article XIII B of the Constitution of the State of California provides that the total annual appropriations limitation of each government entity, including this Town, shall not exceed the appropriations limit of such entity of government for the prior year adjusted for certain changes mandated by Proposition 4 passed in November, 1979 and Proposition 111 passed in June, 1990, except as otherwise provided for in said Article XIII B and implementing State statutes; and
WHEREAS, pursuant to Article X111 B, and Section 7900 et seq of the California Government Code, the Town is required to set its appropriations limit for each fiscal year; and WHEREAS, the Finance Director of the Town of Atherton has conducted the necessary analysis and calculations to determine the appropriations limit for Fiscal Year 2025-26, relying on the permanent Fiscal Year 1993-94 limit approved by the voters on November 3, 1994, and the following two adjustment factors: change in population for the County of San Mateo or Atherton, whichever is higher, and change in cost of living as provided by the State of California, Department of Finance; and
WHEREAS, based on such calculations, the Finance Director has determined the said appropriations limit, and pursuant to Section 7910 of the Government Code, has made available to the public the documentation used in the determination of the limit.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the Town of Atherton that the new appropriations limit for the Fiscal Year 2025-26 shall be and is hereby set in the amount of $18,303,221 and its calculations as set forth in Attachment 1, copy of which is attached hereto.
I hereby certify that the foregoing Resolution was duly and regularly passed and adopted by the City Council of the Town of Atherton at a regular meeting thereof held on the 18th day of June, 2025, by the following vote:
Attachment 4
GANN LIMIT RESOLUTION Town of Atherton
Appendix C
Appendix C
AYES: Council Members:
NOES: Council Members:
ABSENT: Council Members:
ABSTAIN: Council Members:
________________________
Elizabeth Lewis, MAYOR
Town of Atherton
ATTEST:
___________________________
Anthony Suber, City Clerk
APPROVED AS TO FORM:
_______________________
Mona Ebrahimi, City Attorney
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SECTION G GANN LIMIT CALCULATION Town of Atherton
Appendix-C
APPROPRIATIONS SPENDING LIMIT (GANN LIMIT)
Schedule 1: Calculation of Spending Limit
Last Year's Limit (FY 2024-25) 17,183,782
Prior Year Parcel Tax Adjustment
Adjusted Last Year's Limit (FY 2024-25) 17,183,782
Adjustment Factors:
A. Population (County) 1.0007
C. Inflation 1.0644
A times C 1.07
Total Adjustment (Percent) 0.0651
Total Adjustment (Dollars) 1,119,439
Other Adjustments:
Parcel Tax Adjustment (+)
New Appropriation Limit for Fiscal Year 2025-26 18,303,221 Schedule 2: Appropriations Compared to Limit
Proceeds from Taxes (Fm Schedule 3) 16,212,554
Appropriations Subject to Limit FY 2025-26 16,212,554
Appropriations Limit for FY 2025-26 18,303,221
Amount under Appropriations Limit 2,090,666
Schedule 3: Determination of Proceeds of Taxes
Per Budget
Proceeds Nonof Taxes Proceeds Total
Revenues
Property Tax 17,384,500 17,384,500
Sales Tax 404,000 404,000
Public Safety Sales Tax 125,000 125,000
Parcel Tax -
County Measure A 370,000 370,000
Business License 298,000 298,000
Motor Vehicle License Fee -
Homeowners Exemption 42,000 42,000
Franchise Fees 943,000 943,000
Development Fees/Permits 3,619,700 3,619,700
Fines & Forfeiture 65,500 65,500
Fees for Services 79,700 79,700
Rentals 146,316 146,316
Miscellaneous 1,284,550 1,284,550
18,498,500 6,263,766 24,762,266
Interest Income 239,054 80,946 320,000
Reduction for CIP (2,155,000)
Reduction for CIP (370,000)
Total 16,212,554 6,344,712 25,082,266
Town of Atherton
APPROPRIATIONS SPENDING LIMIT
Prop 4 - Gann Limit FY 2025-2026
Appendix - C