RESOLUTION NO. _____
Resolution Of The City Council Of The City Of Emeryville Adopting An Appropriations Limit For Fiscal Year 2024 Of $141,294,720 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 Attachment 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 Fiscal Year 2024 Appropriations Limit is as follows:
1. Population: City population growth from January 1, 2022, to January 1, 2023, of
1.06 %.
2. Inflation: California Per Capita Personal Income growth of 4.44%. ; and, be it, further
RESOLVED, that the City Council of the City of Emeryville hereby establishes an Appropriations Limit for the Fiscal Year 2024 of $141,294,720.
ADOPTED, by the City Council of the City of Emeryville at a regular meeting held Tuesday, June 06, 2023, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
MAYOR
ATTEST: APPROVED AS TO FORM:
CITY CLERK CITY ATTORNEY
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