RESOLUTION NO. _____
RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, ADOPTING THE FISCAL YEAR 2023-2024 APPROPRIATIONS LIMIT PURSUANT
TO ARTICLE XIIIB OF THE CONSTITUTION OF THE STATE OF CALIFORNIA, AND ADJUSTING THE APPROPRIATIONS LIMIT FOR FISCAL YEARS 2022-2023
WHEREAS, Article XIIIB, as amended, of the Constitution of the State of California requires all local g overnment entities to establish an annual appropriations limit; and
WHEREAS, the appropriation subject to lim itation for each year shall be based on the 1978 -79 appropriation adjusted for changes in the cost of living and population; and
WHEREAS, Section 7910 of the Government Code requires each local government to e stablish its appropriations limit by resoluti on in each fiscal year beginning with Fiscal Year 1980-1981; and
WHEREAS, the City calculated its Fiscal Year 2023-2024 appropriations limit based on the percent of change in the population of the County, January to January and the change in the State’s per capita personal income; and.
WHEREAS, the City adjusted its Fiscal Year 2022-2023 appropriations limit based on the percent of change in the population of the County, January to January and the change in the State’s per capita personal income.
NOW, THEREFORE, BE IT RESOLVED, that the City of Richmond, California has established the appropriations limit for Fiscal Year 2023-2024 and adjusted the appropriations limit for Fiscal Year 2022-2023, as reflected in the Attachment 1 that is attached to this resolution.
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I certify that the foregoing resolution was passed and adopted by the Council of the City of Richmond, California, at a regular meeting thereof held June 20, 2023, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
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CLERK OF THE CITY OF RICHMOND
Approved:
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Mayor
Approved as to Form:
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City Attorney