RESOLUTION NO. _____________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FOSTER CITY ESTABLISHING THE FISCAL YEAR 2025-2026 APPROPRIATIONS LIMIT
PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION
CITY OF FOSTER CITY
WHEREAS, voters of California have approved Propositions 4 and 111 which place various limitations on the appropriations of local government; and WHEREAS, said Article XIIIB of the California Constitution requires the governing body of each agency to adopt an appropriations limitation for each fiscal year; and
WHEREAS, the Finance Director, pursuant to Article XIIIB and enacted legislation, has duly computed said appropriations limitation for FY 2025-2026 and submitted the same to the City Council for review and public hearing; and WHEREAS, notice of said public hearing was published and posted and said public hearing was held on July 21, 2025; and
WHEREAS, the inflation adjustment factor used for calculating the FY 2025-2026 appropriations limit is the California Per Capita Personal Income; and WHEREAS, the population adjustment factor used for calculating the FY 2025- 2026 appropriations limit is the change in population growth for San Mateo County.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Foster City that the amount of $99,730,382 is hereby adopted as the City’s appropriations limitation for FY 2025-2026.
PASSED AND ADOPTED as a resolution of the City Council of the City of Foster City at the Regular Meeting held on the 21st day of July, 2025 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
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STACY JIMENEZ, MAYOR
ATTEST:
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PRISCILLA SCHAUS, CITY CLERK