RESOLUTION NO. _____
RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, ADOPTING THE FISCAL YEAR 2024-25 APPROPRIATIONS LIMIT PURSUANT
TO ARTICLE XIIIB OF THE CONSTITUTION OF THE STATE OF CALIFORNIA
WHEREAS, Article XIIIB, as amended, of t he Constitution of the State of California requires all local government entities to establish an annual appropriations limit; and
WHEREAS, the appropriation subject to limitation for each year shall be based on the 1978 -79 appropriation adju sted for changes in the cost of living and population; and
WHEREAS, Section 7910 of the Government Code requires each local government to establish its appropriations limit by resolution in each fiscal year beginning with Fiscal Year 1980-1981; and
WHEREAS, the City calculated its Fiscal Year 2024-25 appropriations limit based on the percent change in the County’s population from January 1, 2023 to January 1, 2024 and the percent 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 2024-25, as reflected in 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 18, 2024, 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