RESOLUTION NO. _____
Resolution Of The City Council Of The City Of Emeryville Adopting An Appropriations Limit For The 2022-23 Fiscal Year Of $132,398,346 WHEREAS, pursuant to Article XIIIB of the California Constitution, the City of Emeryville is required to annually adopt an Appropriations Limit for the following fiscal year identifying the limit for appropriation of revenues from tax proceeds; and WHEREAS, the City Council must annually identify the population and inflation adjustment factors utilized to calculate the Appropriations Limit; and WHEREAS, the calculation of the Appropriations Limit is shown in Appendix A; now, therefore, be it
RESOLVED, that the City Council of the City of Emeryville hereby determines the adjustment factors used for calculation of the 2022-23 Fiscal Year Appropriations Limit is as follows:
1. Population: City population growth from January 1, 2021 to January 1, 2022 of
1.1%.
2. Inflation: California Per Capita Personal Income growth of 7.55%; and, be it, further RESOLVED, that the City Council of the City of Emeryville hereby establishes an Appropriations Limit for the 2022-23 fiscal year of $132,398,346.
ADOPTED, by the City Council of the City of Emeryville at a regular meeting held Tuesday, June 07, 2022, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
MAYOR
ATTEST: APPROVED AS TO FORM:
CITY CLERK CITY ATTORNEY
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