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RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br />ADOPTING THE FISCAL YEAR 2024/25 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 2024/25 appropriation limit; and <br />WHEREAS, selecting these growth factors will result in a new limit for FY 2024/25 of <br />$842,481,359. <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 2024/25 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 2024/25 is $842,481,359. <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 18, 2024. <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 18th of June, 2024 <br />by the following vote: <br />Ayes: <br />Noes: <br />Absent: <br />Abstain: <br />_____________________________ <br />Jocelyn Kwong, City Clerk <br />APPROVED AS TO FORM: <br />___________________________ <br />Daniel G. Sodergren, City Attorney <br />Attachment 1 <br />Page 59 of 248