RESOLUTION NO. _____
RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, ADOPTING THE FISCAL YEAR 2025-26 APPROPRIATIONS LIMIT PURSUANT
TO ARTICLE XIIIB OF THE CONSTITUTION OF THE STATE OF CALIFORNIA ________________________________________________________________
WHEREAS, Article XIIIB, as amended, of the Constitution of the State of California requires all local government entities to establish an annual appropriations limit; and
WHEREAS, the appropriations subject to limitation for each year shall be based on the 1978-79 appropriations, adjusted for changes in the cost of living and population; and
WHEREAS, Section 7910 of the California Government Code requires each local government to establish its appropriations limit by resolution for each fiscal year , beginning with Fiscal Year 1980-1981; and
WHEREAS, the City calculated its Fiscal Year 2025-26 appropriations limit based on the percent change in the Contra Costa County’s population from January 1, 2024, to January 1, 2025, 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 2025-26 in the amount of $554,644,186, as reflected in Attachment 1 which is attached into this resolution by reference.
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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 24, 2025, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
_ ____________________________________
CLERK OF THE CITY OF RICHMOND
Approved:
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Mayor
Approved as to Form:
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City Attorney