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HomeMy WebLinkAboutResolution No. 4135 - Appropriations LimitResolution No. 4135 Page 1 of 3 STATE OF CALIFORNIA ) RESOLUTION NO. 4135 COUNTY OF RIVERSIDE) ss CITY OF SAN JACINTO ) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO, CALIFORNIA, ESTABLISHING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2026-2027 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 2026-2027; 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 2026-2027; and WHEREAS, the California personal income tax factor has increased for the fiscal year 2026-2027; and WHEREAS, the City of San Jacinto elects to select the methods of calculation using 1) the increase in California per capita personal income in lieu of the increase in assessed value of non-residential new construction and 2) the population growth of Riverside County in lieu of the population growth within the City, and WHEREAS, Exhibit A to this resolution provides the calculation for the 2026-2027 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: SECTION 1. The appropriations limit from proceeds of taxes is hereby established as $87,694,098 for fiscal year 2026-2027. PASSED, APPROVED, AND ADOPTED at a Regular Meeting of the City Council on the 16th day of June 2026, by the following vote: AYES: Sanchez, Ayala, Ledezma, Vandever NAYS: None ABSENT: Ruiz ABSTAIN: None CITY OF SAN JACINTO: Clarisa Sanchez, Mayor Pro Tem Docusign Envelope ID: E32A6ABD-7179-8CEB-823C-57D4DBA94CF2 Resolution No. 4135 Page 2 of 3 ATTEST: __ Julia Espinoza, City Clerk APPROVED AS TO FORM: BEST BEST & KRIEGER LLP _____________________________ Craig Hayes, City Attorney Docusign Envelope ID: E32A6ABD-7179-8CEB-823C-57D4DBA94CF2 Resolution No. 4135 Page 3 of 3 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE) ss CITY OF SAN JACINTO ) CERTIFICATION I, Julia Espinoza, duly appointed City Clerk of the City of San Jacinto, do hereby certify that the foregoing Resolution No. 4135 was duly passed, approved, and adopted at a Regular Meeting of the City Council of the City of San Jacinto held on the 16th day of June 2026 by the following vote: AYES: Sanchez, Ayala, Ledezma, Vandever NAYS: None ABSENT: Ruiz ABSTAIN: None WITNESS MY HAND AND OFFICIAL SEAL this 16th day of June 2026. __________________________ Julia Espinoza, City Clerk City of San Jacinto Docusign Envelope ID: E32A6ABD-7179-8CEB-823C-57D4DBA94CF2