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Item 60 - Adopt a Resolution Establishing the Appropriations Limit for 2022-23
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06/21/2022 Regular & Special HA
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Item 60 - Adopt a Resolution Establishing the Appropriations Limit for 2022-23
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8/15/2023 9:46:07 AM
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8/15/2023 9:46:05 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
60
Date
6/21/2022
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Fiscal Year 2021-22 Appropriations Limit $1,231,615,395 <br /> California Per Capita Personal Income:7.550%* <br /> Converted into a Factor 1.0755 <br /> Population Growth:-0.23%* <br /> Converted into a Factor:0.9977 <br /> Calculation of factor for fiscal year 2022-23 (1.0755 x 0.9977):1.0730 <br />Fiscal Year 2022-23 Appropriations Limit $1,321,523,319 <br />* Source: State of California, Department of Finance, Price and Population Information - FY 2022-23 <br />EXHIBIT 1 <br />COMPUTATION OF APPROPRIATION LIMIT <br /> FOR FISCAL YEAR ENDING JUNE 30, 2023 <br />EXHIBIT 1
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