HomeMy WebLinkAboutResolution - 4037Resolution No. 4037
STATE OF CALIFORNIA) RESOLUTION NO.4037
COUNTY OF RIVERSIDE) ss
Ll CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JACINTO, CALIFORNIA, ESTABLISHING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2024-2026
WHEREAS, Article XIIIB of the California Constitution provides for
establishment of a formal appropriations limit from the proceeds of taxes; and
WHEREAS, a formal appropriations limit has not been established for Fiscal
Year 2024-2025; and
WHEREAS, the California Department of Finance has provided per capita
personal income and population change data for calculating the allowed increases in the
appropriations limit for fiscal year 2024-2025; and
WHEREAS, the California personal income tax factor has increased for the
fiscal year 2024-2025; and
WHEREAS, the City of San Jacinto elects to select the methods of
calculation using 1) the increase in assessed value of non-residential new construction in
lieu of the increase in California per capita personal income and 2) the population growth
of Riverside County in lieu of the population growth within the City, and
WHEREAS, attachment A to this resolution provides the calculation for the
2024-2025 appropriations limit;
NOW, THEREFORE, BE IT RESOLVED, determined, and ordered by the
City Council of the City of San Jacinto, County of Riverside, State of California, as follows:
The appropriations limit from proceeds of taxes is hereby established as
$76,767,665 for fiscal year 2024-2025.
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Resolution No. 4037
PASSED, APPROVED, AND ADOPTED this 18th day of June 2024 by the
following vote:
AYES: Vandever
NAYS: None
ABSENT: Ayala
ABSTAIN: None
ATTEST:
J a Espinoza, City Clerk
APPROVED AS TO FORM:
Best Best & Krieger LLP
Craig Hayes, City Attorney
CITY OF SAN JACINTO:
V
Valerie Vandever, Mayor Pro Tern
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Resolution No. 4037
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF SAN JACINTO )
CERTIFICATION
I, Julia Espinoza, City Clerk of the City of San Jacinto, DO HEREBY CERTIFY that
the foregoing Resolution No. 4037 was passed, approved, and adopted at a regular
meeting of the City Council of the City of San Jacinto held on the 18th day of June 2024
by the following vote:
AYES: Vandever, Ledezma, Ruiz, Hawkins
NAYS: None
ABSENT: Ayala
ABSTAIN: None
WITNESS MY HAND AND OFFICIAL SEAL this 18th day of June 2024.
Jul Espinoza, City Clerk
City of San Jacinto
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