RESOLUTION NO. _____
Resolution Of The City Council Of The City Of Emeryville Adopting An Appropriations Limit For Fiscal Year 2025 Of $159,680,499 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 to calculate the Appropriations Limit; and WHEREAS, the calculation of the Appropriations Limit is shown in Exhibit 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 2025 Appropriations Limit is as follows:
1. Population: City population growth from January 1, 2023 to January 1, 2024 of 4.95%.
2. Inflation: California Per Capita Personal Income growth of 3.62%; and, be it, further RESOLVED, that the City Council of the City of Emeryville hereby establishes an Appropriations Limit for the Fiscal Year 2025 of $159,680,499.
ADOPTED, by the City Council of the City of Emeryville at a regular meeting held Tuesday, June 4, 2024, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
MAYOR
ATTEST: APPROVED AS TO FORM:
CITY CLERK SPECIAL COUNSEL
ATTACHMENT
Exhibit A – Fiscal Year 2025 Gann Appropriations Limit DocuSign Envelope ID: 4EA9CB69-3A70-498A-8692-C531170E2F17