HomeMy WebLinkAboutCity Council Resolution 23-057, Appropriations Limit for FY 2023-24 RESOLUTION NO. 23-057
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2023-24
WHEREAS, the City of Saratoga established its base year Appropriations Limit as
$5,961,747 in Fiscal Year 1979; and
WHEREAS, the cumulative impact of changes to population and to the California per
capita personal income since the base established the fiscal year 2022-23 Appropriations Limit of
$54,320,026; and
WHEREAS, the California Department of Finance's May 2023 memorandum specifies a
4.44 percent increase in per capita personal income for the twelve-month period ended December
31, 2022; and
WHEREAS, the California Department of Finance's May 2023 memorandum specifies a
0.25 percent decrease in the City of Saratoga's population and a 0.62 percent decrease in the
County of Santa Clara's population for the twelve-month period ended December 31, 2022; and
WHEREAS, State law provides an adjustment to the prior year's Appropriation Limit by
combining the change in per capita personal income, and either the city or county's change in
population, at the discretion of the city or county's governing board;
NOW,THEREFORE BE IT RESOLVED,the City of Saratoga's 2023-24 Appropriations Limit
is $56,590,005 as calculated in conformity with Article XIIIB of the Constitution of the State of
California and detailed in Exhibit A.
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga
City Council held on the 21 day of June 2023 by the following vote:
AYES: COUNCIL MEMBERS AFTAB, PAGE, WALIA, VICE MAYOR ZHAO,
MAYOR FITZSIMMONS
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE � �
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Kookie Fitzsimmons, Mayor
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Sritt Avrit, MMC, City Clerk
Resolution No. 23-057
Page 2
Exhibit A
City of Saratoga
Appropriations Limit Calculation
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2012-13 $31,90�,666 1.0124 1.0070 1.03 t7 1.0506 $33,521,156
2013-14 33,521,156 1.0157 1.0129 1.0512 1.0677 35,790,667
2014-15 35,790,667 1.0150 1.0066 0.9977 1.0127 36,243,974
2015-16 36,243,974 1.0113 1.0000 1.0382 1.0499 38,053,696
2016-17 38,053,696 1.0126 1.0053 1.0537 1.0670 40,602,404
2017-18 40,602,404 1.0081 1.0023 1.0369 1.0453 42,441,648
2018-19 42,441,648 1.0099 1.0052 1.0367 1.0470 44,434,849
2019-20 44,434,849 1.0033 1.0003 1.0385 1.0419 46,297,871
2020-21 46,297,871 1.0037 1.0009 1.0373 1.0411 48,202,473
2021-22 48,202,473 0.9944 0.9901 1.0573 1.0514 50,679,074
2022-23 50,679,074 0.9931 0.9966 1.0755 1.0718 54,320,026
2023-24 54,320,026 0.9975 0.9938 1.0444 1.0418 56,590,005
Data Source:Annual percentage change in population and per capita income provided by Calrfornia Department of
Finance per California Revenue and Taxation Code section 2227.
'Greater of County or City population change used for"Appropriation Factor"calculation.