RESOLUTION 24-4742
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA, APPROVING THE GANN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2024/25 WHEREAS, Article XIIIB of the California State Constitution (Propositions 4 and 111) places an appropriations limit on State and Local Government, including the City of Murrieta (“City”) known as the Gann Appropriation Limit; and WHEREAS, this appropriations limitation is based on proceeds of taxes adjusted annually, from the City’s base year of 1990/91, for population growth, inflation, and transfers of financial responsibility from one government entity to another, by the population growth factor of either the City or for the County of Riverside, and by an inflation factor that is either the change in the California Per Capita Personal Income (“CCPI”) or the change in non-residential construction for the City; and WHEREAS, the City has received inflation and population data from the State Department of Finance to calculate the fiscal year 2024/25 appropriations limit; and WHEREAS, the City wishes to select the population growth factor and inflation factor providing the greatest ratio of change as shown below:
Change in CCPI 3.62%
County of Riverside Population Change 0.55%
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The recitals above are true and correct and incorporated herein by this reference.
SECTION 2. That, in accordance with Article XIIIB of the Constitution of the State of California, the City has elected to make its calculation using the CCPI and County population growth data, such that the appropriations limit for the City of Murrieta, California, for fiscal year 2024/2025 is calculated to be $248,936,865, as shown on Exhibit “A” attached hereto and incorporated herein.
SECTION 3. That the City Clerk shall attest to the adoption of this resolution, which shall, in turn, have immediate effect.
PASSED AND ADOPTED this 4TH day of June, 2024.
Lori Stone, Mayor
ATTEST:
Cristal McDonald, City Clerk
APPROVED AS TO FORM:
Tiffany J. Israel, City Attorney
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§
CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 24-4742 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 4th day of June, 2024, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Cristal McDonald, City Clerk
Exhibit A - Calculation Worksheets for FY2024/25
01375.0001/801363.101375.0001/801363.1
01375.0001/801363.1
01375.0001/801363.1