The computation consists of two (2) sections:
A. Last year's (2023-24) limit 305,828,577
B. Adjustment factors
a. City population % increase/(decrease) 0.68% = 1.0068 b. Per capita personal income % increase 3.62% = 1.0362 Total adjustment percent (a*b) 1.0432
C. Annual adjustment 13,225,912
D. Other adjustments -
Total adjustments 13,225,912
E. 2024-25 Appropriations Limit 319,054,489
Appropriations Subject to Limitation:
Proceeds of Taxes 133,568,651
Adjustment - State Subvention Pursuant to GC Section 7903 1,700,000 Exclusions -
Appropriations Subject to Limitation 135,268,651
2024-25 Limit 319,054,489
Amount over/(under) the Limitation (183,785,837)
All computations are based on the 2024-25 Adopted Budget.
As indicated by Schedules A and B, the increase to Pomona's Appropriations Limit is $13,225,912.
The 2024-25 Appropriations Limit is $319,054,489. The amount subject to limitation in the 2024-25 Adopted Budget is $135,268,792. The City of Pomona is $183,785,696 under its lawful limitation.
CITY OF POMONA
Exhibit A
Schedule A
2024-25 Appropriations Limit