Resolution/Appropriations Limit Page 1 of 2
Rev: 05-16-2024
RESOLUTION NO. 24-9338
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
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 government al entities; WHEREAS, the limit based on the Proposition 4 formula is updated annually using growth dat a 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 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 Califo rnia 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 i s higher. //
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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 25TH DAY OFJUNE, 2024, BY THE FOLLOWING VOTE:
AYES : COUNCILORS:
NOES: COUNCILORS:
ABSENT: COUNCILORS :
ABSTAINED: COUNCILORS:
Attachments incorporated by reference : None
Resolution/Appropriations Limit
Rev: 05-16-2024
Becker, Chahal, Hardy, Jain, and Park and Mayor
Gillmor
Watanabe
None
None
ATTEST: £rM
NORA PIMENTEL, MMC
ASSISTANT CITY CLERK
CITY OF SANTA CLARA