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HomeMy WebLinkAbout2025-18 - Appropriation LimitRESOLUTION N0. 2025-18 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, DETERMINING AND ADOPTING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2025-2026, IN ACCORDANCE WITH ARTICLE Xlll-B OF THE CONSTITUTION OF THE ST ATE OF CALIFORNIA, AS AMENDED BY PROPOSITION Ill AND SENATE BILL 88 THE CITY COUNCIL OF THE CITY' OF COSTA MESA DOES HEREBY RESOLVE AS FOLLOWS: WHEREAS, Article Xlll-B was added to the Constitution of the State of California at a general election held on November 6, 1 979; and WHEREAS, Article Xlll-B was subsequently modified by Proposition Ill and Senate Bill 88 (Chapter 60/90) at a general election held on June 5, 1990; and WHEREAS, in accordance with Section 7910 et seq. of the Government Code of the State of California, an annual appropriations limit must be established for the City effective for the fiscal year beginning July 1, 2025; and WHEREAS, the City has chosen to use the California per capita income percentage change of 6.44% and the County 's population growth rate of O.17% as the factors to be used in calculating its appropriations limit for Fiscal Year 2025-2026; and WHEREAS, these factors are applied to the City's adopted appropriations limit for Fiscal Year 2024-2025 in determining the City's appropriations limit for Fiscal Year 2025- 2026; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Costa Mesa as follows: The appropriations limit for Fiscal Year 2025-2026 is established at $330,924,446. Resolution No. 2025-18 Page I of 2 PASSED AND ADOPTED this 3rd day of June, 2025. J nM-, 'Mayor ATTEST:APPROVED AS TO FORM: 2:e%""ycierb Ki berly II arlow, City Attorney STATEO COUNTY CITY OF OF ORANGE COSTA MESA SS F CAL FORNIA ) 1, BRENDA GREEN, City Clerk of the City of Costa Mesa, DO HEREBY CERTIFY that the above and foregoing is the original of Resolution No. 2025-18 and was duly passed and adopted by the City Council of the City of Costa Mesa at a regular meeting held on the 3rd day of June, 2025, by the following roll call vote, to wit: AYES: COUNCIL MEMBERS: BULEY, GAMEROS, MARR, PETTIS, REYNOLDS, AND CHAVEZ. NOES: COUNCIL MEMBERS: STEPHENS. ABSENT: COUNCIL MEMBERS: NONE. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the City of Costa Mesa this 4fh day of June, 2025. u,&BRK Resolution No. 2025-18 Page 2 of 2