The computation consists of two (2) sections:
A. Last year's (2021-22) limit 270,971,909
B. Adjustment factors
a. City population % increase 0.60% = 1.0060
b. Per capita personal income % increase 7.55% = 1.0755 Total adjustment percent (a*b) 1.0820
C. Annual adjustment 22,206,961
D. Other adjustments -
E. 2022-23 Appropriations Limit 293,178,870
Appropriations Subject to Limitation:
Proceeds of Taxes 112,637,738
Exclusions -
Appropriations Subject to Limitation 112,637,738
2022-23 Limit 293,178,870
Amount over/(under) the Limitation (180,541,132)
All computations are based on the 2022-23 Proposed Budget.
As indicated by Schedules A and B, the increase to Pomona's Appropriations Limit is $22,206,961.
The 2022-23 Appropriations Limit is $293,178,870. The amount subject to limitation in the 2022- 23 Proposed Budget is $112,637,738. The City of Pomona is $180,541,132 under its lawful limitation.
CITY OF POMONA
Exhibit A
Schedule A
2022-23 Appropriations Limit