Exhibit II
City of San Clemente
Article XIII B: Appropriations Limit Computation
For The Fiscal Year 2026-27
1. Appropriations limit for FY 2025-26 $ 125,957,859 (1)
2. Annual Adjustment Factor
a. Per capita personal income change 4.95% (2)
b. Population change -0.37% (3)
(0.996 times 1.050) 1.04561685
3. FY 2026-27 limit times annual adjustment factor 131,703,660
4. Less FY 2025-26 excess user fees or other alterations 0
5. Appropriations Limit for FY 2026-27 131,703,660
6. FY 2026-27 proceeds from taxes 68,551,515
7. Margin $ 63,152,145
Notes:
(1) Established by Resolution 22-25
(2) Source is the State Department of Finance
(3) The higher of the City population change or the total County population change is used for this factor. For FY 2026-27, the County change exceeds the City. The difference in City population of 62,636 at 1/2026 and population of 63,133 at 1/2025 divided by 63,133 = -0.79% and the County change is -0.37%.