RESOLUTION NO. _____________
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ESTERO MUNICIPAL IMPROVEMENT DISTRICT ESTABLISHING THE FISCAL YEAR 2026-2027
APPROPRIATIONS LIMIT PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA
CONSTITUTION
ESTERO MUNICIPAL IMPROVEMENT DISTRICT
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 2026-2027 and submitted the same to the District Board for review and public hearing; and WHEREAS, notice of said public hearing was published and posted and said public hearing was held on June 15, 2026; and
WHEREAS, the inflation adjustment factor used for calculating the FY 2026-2027 appropriations limit is the California Per Capita Personal Income; and WHEREAS, the population adjustment factor used for calculating the FY 2026-2027 appropriations limit is the change in population growth for San Mateo County.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Estero Municipal Improvement District that the amount of $98,007,059 is hereby adopted as the District’s appropriations limitation for FY 2026-2027.
PASSED AND ADOPTED as a resolution of the Board of Directors of the Estero Municipal Improvement District at the Regular Meeting held on the 15th day of June, 2026 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
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ART KIESEL, PRESIDENT
ATTEST:
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PRISCILLA SCHAUS, DISTRICT SECRETARY