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) 2026/27 697,292,626 1.0495 1.0293 1.0803 753,285,224 281,044,551 37.31% 2025/26 651,370,972 1.0644 1.0057 1.0705 697,292,626 254,040,417 36.43% 2024/25 628,493,798 1.0362 1.0002 1.0364 651,370,972 235,373,936 36.14% 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% City of Santa Clara
Proposition 4 Appropriations Limit
FY 2017/18 Through FY 2026/27
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 2026/27 Appropriations Limit, the population growth of the City of Santa Clara and the annual growth in California Per Capita Income were used.