EXHIBIT [A]
FISCAL YEAR 2025-2026
APPROPRIATIONS LIMITATION
Article XIIIB of the California Constitution specifies that “Appropriations made by State and Local Governments may increase annually by a Factor comprised of the Change in Population combined either with the Change in California Per Capital Personal Income or the Local Assessment Roll due to Local Nonresidential Construction.” Per Capita Change 6.44% Converted to a
Factor
1.0644
Population Change -0.30% Converted to a
Factor
0.9970
Ratio of Change 1.0644 (x) 0.9970 (=) 1.0612
2024-2025 Appropriations Limit: $11,232,650.85
Factor 1.0612
2025-2026 Appropriations Limit: $11,920,089.08
The Amount subject to the Appropriations Limit is calculated as follows:
2025-2026 PROPOSED BUDGET
(1) Property Taxes $833,922
(2) Sales and Use Tax $2,947,908
(3) Utility Users Tax $320,000
(4) Business License Tax $65,000
(5) Transient Occupancy Tax $2,000
(6) Other Taxes:
Real Estate Transfer Tax
Homeowner’s Property Tax
Relief (HOPTR)
$3,000
(7) Interest (Prorated) $27,500
(8) Motor Vehicle In-Lieu Tax $1,340,623
Total Amount subject to Limitations $5,539,953
EXHIBIT [B]
CALIFORNIA
DEPARTMENT OF FINANCE
FISCAL YEAR 2025-2026
SUPPORTING DOCUMENTATION