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Attachment 1 <br /> RESOLUTION NO. <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br /> ADOPTING THE FISCAL YEAR 2023/24 APPROPRIATIONS LIMIT <br /> WHEREAS, Article XIIIB of the State of California Constitution (Proposition 4 on the <br /> November 6, 1979 ballot) requires that each year the governing body of each local agency <br /> establish its appropriations limit for the following year; and <br /> WHEREAS, Proposition 111, passed by the voters in June 1990, expands the choices for <br /> making annual adjustments to the appropriations limit based on various growth factors; and <br /> WHEREAS, the City Council has determined that the growth factors of(1) the percentage <br /> change in the county's population, and (2)the percentage change in California per capita personal <br /> income will be used to establish the FY 2023/24 appropriation limit; and <br /> WHEREAS, selecting these growth factors will result in a new limit for FY 2023/24 of <br /> $817,463,288. <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> Section 1: The Proposition 111 growth factors selected for fiscal year 2023/24 for determining <br /> the City's Proposition 4 appropriations limit are (1) the percentage change in the county's <br /> population and, (2) the percentage change in California per capita personal income. <br /> Section 2: The appropriation limit for fiscal year 2023/24 is $817,463,288. <br /> Section 3: This resolution shall become effective immediately upon its passage and adoption. <br /> Section 4: The City Clerk shall certify to the passage of this resolution and enter it into the book <br /> of original resolutions. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a <br /> regular meeting held on June 6, 2023. <br /> I, Jocelyn Kwong, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the 6th of June, 2023 by <br /> the following vote: <br /> Ayes: <br /> Noes: <br /> Absent: <br /> Abstain: <br /> Jocelyn Kwong, City Clerk <br /> APPROVED AS TO FORM: <br /> Daniel G. Sodergren, City Attorney <br />