RESOLUTION NO. 2024-XXX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FULLERTON, CALIFORNIA, ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2024-25 PURSUANT TO CALIFORNIA STATE CONSTITUTION ARTICLE XIII B WHEREAS, the voters of the State of California added Article XIII B to the State Constitution on November 6, 1979 placing various limitations on state and local government appropriations.
WHEREAS, the voters of the State of California amended Article XIII B by approving Proposition 111 on June 5, 1990.
WHEREAS, the City of Fullerton calculates the appropriations limit by adjusting the 1986-87 appropriations limit for annual changes in the cost of living as provided by the State and City or County population growth as provided by Proposition 111.
NOW, THEREFORE, THE CITY COUNCIL FO THE CITY OF FULLERTON RESOLVES AS FOLLOWS:
The City of Fullerton Appropriations Limit in Fiscal Year 2024-25 shall total $274,034,954 with appropriations subject to a $95,617,273 limitation or $178,417,681 under than the limit.
ADOPTED BY THE FULLERTON CITY COUNCIL ON JUNE 4, 2024.
_________________________________
Nicholas Dunlap
Mayor
ATTEST:
_______________________________
Lucinda Williams, MMC
City Clerk
_________
Date