Attachment No. 2
RESOLUTION NO. 26-46
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NORWALK REPEALING RESOLUTION NO. 26-34 - APPROVING AND ADOPTING
A REVISED ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR
2026/27
WHEREAS, the voters of California on November 6, 1979, added Article XIIIB to the State Constitution placing various limitations on the appropriations of the state and local governments; and
WHEREAS, Proposition 111 established fiscal year 1986-87 as the base year for establishing the appropriations limit; and
WHEREAS, the City of Norwalk has complied with all the provisions of Article XIIIB in determining the appropriations limit for Fiscal Year 2026/27.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF NORWALK
HEREBY DETERMINES, FINDS, AND RESOLVES AS FOLLOWS:
Section 1.The appropriations limit for Fiscal Year 2026/27 is $124,132,832 as reflected on Exhibit “A,” attached hereto.
Section 2.In calculating the appropriations limit, the City has utilized the California per capita personal income growth factor for Fiscal Year 2026/27 as shown on Exhibit “A.”
Section 3.The City utilized the population growth factor for the City of Norwalk for Fiscal Year 2026/27 to calculate the appropriations limit, as shown on Exhibit “A.” Section 4.The City reserves the right to change or revise any growth factors associated with the calculation of the appropriations limit if such changes or revisions would result in a more advantageous appropriations limit in the present or future.
Section 5.The Mayor, or presiding officer, is hereby authorized to affix her signature to this Resolution signifying its adoption by the City Council of the City of Norwalk and the City Clerk, or her duly appointed assistant, is directed to attest thereto.
APPROVED AND ADOPTED this 4TH day of August 2026.
__________________________
JENNIFER PEREZ
MAYOR
ATTEST:
__________________________
THERESA DEVOY, CMC
CITY CLERK
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