Fiscal Year 2023-24 Appropriations Limit $ 1,373,855,642 California Per Capita Personal Income: 3.620% *
Converted into a Factor 1.0362
Population Growth: 0.31% *
Converted into a Factor: 1.0031
Calculation of factor for fiscal year 2024-25 (1.0362 x 1.00310): 1.0394 Fiscal Year 2023-24 Appropriations Limit $ 1,427,985,554 * Source: State of California, Department of Finance, Price and Population Information - FY 2024-25
COMPUTATION OF APPROPRIATION LIMIT
FOR FISCAL YEAR ENDING JUNE 30, 2025
EXHIBIT 1