HomeMy WebLinkAboutCity Council Resolution 24-038, GANNRESOLUTION NO.24-038
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2024-25
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 a fiscal year 2023-24 Appropriations Limit of
$56,590,005; and
WHEREAS, the California Department of Finance's April 30, 2024 memorandum
specifies a 3.62 percent increase in per capita personal income for the twelve-month period ended
December 31, 2023 and
WHEREAS, the California Department of Finance's April 30, 2024 memorandum
specifies a -0.08 percent decrease in the City of Saratoga's population and a 0.02 percent increase
in the County of Santa Clara's population for the twelve-month period ended December 31, 2023;
and
WHEREAS, State law provides an adjustment to the prior year 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 2024-25 Appropriations Limit
is $58,650,291 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 191" day of June 2024 by the following vote:
AYES: COUNCIL MEMBERS FITZSIMMONS, PAGE, WALIA, VICE MAYOR
AFTAB, MAYOR ZHAO
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
Yan Zhao, Mayor
ATTEST:
Britt Avrit, MMC, City Clerk
Resolution No. 24-038
Page 2
Exhibit A
City of Saratoga
Appropriations Limit Calculation
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
2024-2556,590,005
1.0002
0.9992'
1.0362
1.0364
58,650,291
Data Source: Annual percentage change in population and per capita income provided by California Department of
Finance per California Revenue and Taxation Code section 2227.
*Greater of County or City population change used for "Appropriation Factor" calculation.