RESOLUTION NO. _____
A RESOLUTION OF THE CITY OF SANTA CLARA, CALIFORNIA ESTABLISHING FISCAL YEAR 2024/25 APPROPRIATIONS LIMIT PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION AS IMPLEMENTED BY TITLE 1, DIVISION 9 (ENTITLED “EXPENDITURE LIMITATIONS” – SECTION 7900 ET SEQ.) OF THE CALIFORNIA GOVERNMENT CODE BE IT RESOLVED BY THE CITY OF SANTA CLARA AS FOLLOWS:
WHEREAS, Proposition 4, commonly known as the Gann Initiative, was adopted by voters on November 6, 1979; WHEREAS, this Proposition created Article XIIIB of the California State Constitution and placed limits on the amount of revenue which can be spent by all governmental entities; WHEREAS, the limit based on the Proposition 4 formula is updated annually using growth data supplied by the State Department of Finance; and, WHEREAS, the appropriation limit is required to be adopted by the legislative body of each government entity.
NOW THEREFORE, BE IT FURTHER RESOLVED BY THE CITY OF SANTA CLARA AS FOLLOWS:
1. Appropriations Limit. That the appropriations limit for fiscal year 2024/25 be Six Hundred Fifty-One Million Three Hundred Seventy Thousand Nine Hundred and Seventy-Two Dollars ($651,370,972).
2. Calculation Factors. Pursuant to Section 8 of Article XIIIB of the California Constitution, the City Council determines that for fiscal year 2024/25 (a) the change in the cost of living shall be measured by the percentage change in California per capita personal income or the growth in the non-residential assessed valuation due to new construction within the City; and (b) the change in population shall be measured by the annual growth in the County or the City's population as provided by the State Department of Finance, whichever is higher.
3. Factors for 2024/25. That for purposes of computing the appropriations limit for fiscal year 2024/25, the annual growth in California Per Capita Income is 3.62% and the annual percent change in population of Santa Clara County, as provided by the State Department of Finance, is 0.02%.
4. Notice of Action to be Taken. Pursuant to Government Code Section 7910, no judicial action or proceeding to attack, review, set aside, void, or annul the action of the City Council in establishing the appropriations limit for fiscal year 2024/25 shall be brought unless such action or proceeding shall have been commenced within forty-five (45) days of the date of adoption of this resolution.
5. Effective date. This resolution shall become effective immediately.
I HEREBY CERTIFY THE FOREGOING TO BE A TRUE COPY OF A RESOLUTION PASSED AND ADOPTED BY THE CITY OF SANTA CLARA, CALIFORNIA, AT A REGULAR MEETING THEREOF HELD ON THE ___ DAY OF _________, 2024, BY THE FOLLOWING VOTE:
AYES: COUNCILORS:
NOES: COUNCILORS:
ABSENT: COUNCILORS:
ABSTAINED: COUNCILORS:
ATTEST: ______________________________
NORA PIMENTEL, MMC
ASSISTANT CITY CLERK
CITY OF SANTA CLARA
Attachments incorporated by reference: None
Resolution/Appropriations Limit Page PAGE 2 of 2
Rev: 05-16-2024
Ordinance/*Insert brief description Page PAGE 1 of *
Rev: 03-09-10; Typed: *Insert date