EXHIBIT A
GANN LIMIT CALCULATION FISCAL YEAR 2026-2027
Under Proposition 111, there are two options available for each of the major adjustment factors. The values of these factors for the purpose of calculating the Fiscal Year 2026-2027 adjustment are as follows:
Price Factor:
(A) Percent growth in State per Capita Personal Income: 4.95% (Source: Dept. of Finance, California)
(B) Percent change in Assessed Valuation due to new non-residential construction: -1.88% (Source: Orange County Assessor Prop 111 Report)
Population Factor:
(C) Percent growth in County Population: -0.37%
(Source: Dept. of Finance, California)
(D) Percent growth in City Population: -0.67%
(Source: Dept. of Finance, California)
Annual Adjustment Factor:
Based on the actual data, the four alternative adjustment factors are as follows:
(A x C) 1.0495 x 0.9963 = 1.045616850
(A x D) 1.0495 x 0.9933 = 1.042468350
(B x C) 0.9812 x 0.9963 = 0.977569560
(B x D) 0.9812 x 0.9933 = 0.974625960
Calculation of the Fiscal Year 2026-2027 Limit
FY 25/26 Limit 1,298,500,903 $
Recommended Adjustment Factor (Largest Allowable Increase) 1.04561685 FY 26/27 Limit 1,357,734,424$