The computation consists of two (2) sections:
A. Last year's (2022-23) limit 293,178,870
B. Adjustment factors
a. City population % increase/(decrease) -0.12% = 0.9988 b. Per capita personal income % increase 4.44% = 1.0444 Total adjustment percent (a*b) 1.0431
C. Annual adjustment 12,649,707
D. Other adjustments - State Subventions Pursuant to GC Section 7903 8,400,000 Total adjustments 21,049,707
E. 2023-24 Appropriations Limit 314,228,577
Appropriations Subject to Limitation:
Proceeds of Taxes 127,640,551
Exclusions -
Appropriations Subject to Limitation 127,640,551
2023-24 Limit 314,228,577
Amount over/(under) the Limitation (186,588,026)
All computations are based on the 2023-24 Adopted Budget.
As indicated by Schedules A and B, the increase to Pomona's Appropriations Limit is $21,049,707.
The 2023-24 Appropriations Limit is $314,228,577. The amount subject to limitation in the 2023-24 Adopted Budget is $127,640,551. The City of Pomona is $186,588,026 under its lawful limitation.
CITY OF POMONA
Exhibit A
Schedule A
2023-24 Appropriations Limit