Exhibit 1
382,980,637$
* Alternative 1 - City Election
Calculation of Increase Factor for FY 2024-25:
City Population Growth : -0.25%
City Local Assessment Growth (non-residential) : 2.96%
Increase Factor for FY 2024-25 [(-0.25 + 100)/100] * [(2.96 + 100)/100] : 1.0270 393,321,114$
264,731,922$
(proceeds of taxes less state mandated exclusions)
Total Under/(Over): 128,589,192$
Alternative 2
Calculation of Increase Factor for FY 2024-25:
County Population Growth : 0.05%
City Local Assessment Growth (non-residential) : 2.96%
Increase Factor for FY 2024-25 [(0.05 + 100)/100] * [(2.96 + 100)/100] : 1.0301 394,508,354$
264,731,922$
(proceeds of taxes less state mandated exclusions)
Total Under/(Over): 129,776,432$
Alternative 3
Calculation of Increase Factor for FY 2024-25:
City Population Growth : -0.25%
Per Capita Income Growth : 3.62%
Increase Factor for FY 2024-25 [(-0.25 + 100)/100] * [(3.62 + 100)/100] : 1.0336 395,848,786$
264,731,922$
(proceeds of taxes less state mandated exclusions)
Total Under/(Over): 131,116,864$
Alternative 4
Calculation of Increase Factor for FY 2024-25:
County Population Growth : 0.05%
Per Capita Income Growth : 3.62%
Increase Factor for FY 2024-25 [(0.05 + 100)/100] * [(3.62 + 100)/100] : 1.0367 397,036,026$
264,731,922$
(proceeds of taxes less state mandated exclusions)
Total Under/(Over): 132,304,104$
Fiscal Year 2024-25 Appropriations Limit:
Fiscal Year 2024-25 Appropriations Subject to Limitation:
Fiscal Year 2024-25 Appropriations Limit:
Fiscal Year 2024-25 Appropriations Subject to Limitation:
Fiscal Year 2024-25 Appropriations Limit:
Fiscal Year 2024-25 Appropriations Subject to Limitation:
Fiscal Year 2024-25 Appropriations Subject to Limitation:
CITY OF GLENDALE
GANN APPROPRIATIONS LIMIT
FY 2024-25 PROPOSED BUDGET
Fiscal Year 2023-24 Appropriations Limit:
Fiscal Year 2024-25 Appropriations Limit: