Schedule 1
Fiscal
Year
Beginning
Appropriations
Limit
Price
Factor
Population
Factor
Adjustment
Factor
Ending
Appropriations
Limit
Revenue
Subject to
Appropriations
% of
Appropriation
Limit
(1) (2) (3) (4) = (2) X (3) (5) = (1) X (4) (6) (6) / (5) 2023/24 592,639,131 1.0444 1.0154 1.0605 628,493,798 217,487,082 34.60% 2022/23 546,765,505 1.0755 1.0078 1.0839 592,639,131 185,230,550 31.26% 2021/22 503,467,316 1.0573 1.0271 1.0860 546,765,505 174,200,673 31.86% 2020/21 478,945,316 1.0373 1.0134 1.0512 503,467,316 177,031,551 35.16% 2019/20 459,684,534 1.0385 1.0033 1.0419 478,945,316 184,097,298 38.44% 2018/19 429,451,171 1.0367 1.0325 1.0704 459,684,534 175,246,540 38.12% 2017/18 410,840,550 1.0369 1.0081 1.0453 429,451,171 160,838,861 37.45% 2016/17 363,345,984 1.1108 1.0179 1.1307 410,840,550 156,954,895 38.20% 2015/16 341,156,650 1.0531 1.0113 1.0650 363,345,984 133,461,118 36.73% 2014/15 327,531,346 1.0262 1.0150 1.0416 341,156,650 123,316,251 36.15% City of Santa Clara
Proposition 4 Appropriations Limit
FY 2014/15 Through 2023/24
On June 5, 1990, the California electorate passed Proposition 111 which modified the method of adjusting the annual appropriations limit. Beginning with the 1990/91 Appropriations Limit, the City may choose from one of the following indices when determining the adjustment factor:
The annual growth in the City's population or the annual growth in the County's population as provided by the State Department of Finance.
and
The annual growth in the California Per Capita Income or the growth in the non-residential assessed valuation due to new construction within the City.
The 1990/91 Appropriations Limit was revised by applying the new growth factors to the appropriations limits for 1986/87 and each subsequent year. In computing the FY 2023/24 Appropriations Limit, the population growth of the City of Santa Clara and the annual growth in California Per Capita Income was used.