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1 City Council Meeting: June 23, 2026 Santa Monica, California RESOLUTION NO. ____ (CCS)
(CITY COUNCIL SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA
ESTABLISHING THE GANN APPROPRIATIONS LIMIT FOR
THE FISCAL YEAR 2026-27
WHEREAS, pursuant to the provisions of Government Code section 7910 and Article XIIIB of the California Constitution, the City Council of the City of Santa Monica (the “City Council”) is required to establish its appropriations limit by resolution; and WHEREAS, pursuant to Government Code sections 7901 and 7910, the final calculation of the appropriations limit has been determined, and the adjustment factors on which the calculation is based are an 8.53% change in the City of Santa Monica’s NonResidential New Construction Assessed Valuation and a 0.38% change in population growth for the City of Santa Monica; and
WHEREAS, documentation used in the determination of the appropriations limit has been available to the public for at least fifteen (15) days prior to adoption as required by Government Code section 7910.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. For purposes of Article XIIIB of the California Constitution, the City of Santa Monica appropriations limit for the Fiscal Year 2026-27 shall be $3,564,303,096
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2 calculated as follows:
FY 2025-26 Gann Limit a $3,271,593,616
Factors
City of Santa Monica’s Non-Residential
New Construction Assessed Valuation
b 1.08530
City Population Change c 1.00385
Total adjustment factor (b*c) X 1.08947
FY 2026-27 Gann Limit $3,564,303,096
a As adopted by City Council on June 24, 2025 (Resolution No. 11680 CCS) b
c
Per HdL Coren & Cone, City of Santa Monica Nonresidential New Construction Per State Department of Finance – May 2026
SECTION 2. The City Clerk shall certify to the adoption of this resolution, and thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
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HEIDI VON TONGELN
City Attorney