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CALCULATION OF PERMITTED GROWTH RATE IN <br />APPROPRIATIONS FOR FISCAL YEAR ENDING JUNE 30, 2016 <br />Factor 2015 -16: <br />California Per Capita Personal Income: <br />Converted into a Factor <br />Population Growth: <br />Converted into a Factor: <br />Rates of Change: 1.0382 x 1.0108 <br />Multiplied by 2014 -15 Combined Index <br />Combined Index 1979 -80 through 2015 -2016 <br />55D -5 <br />3.820% <br />1.0382 <br />1.08% <br />1.0108 <br />1.0494 <br />26.5479 <br />27.8594 <br />