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revenue to a level determined by its base year 1978-79 spending, adjusted aimually by an <br />inflation factor and the agency's increase in population. <br /> <br />The factors used to compute the Prop 4 limits are: (1) either the percentage change of the <br />California per capita personal income or the percentage change in the local assessment roll <br />from the preceding year due to the addition of local nonresidential construction in the City, <br />and (2) either the City's own population growth or the population growth of the entire County. <br /> <br />DISCUSSION <br /> <br />The State of California Department of Finance recently provided the California per capita <br />personal income change percentage, computed as 5.26%. This percentage change does not <br />exceed the 9.47% change in Pleasanton's local assessment roll due to non-residential <br />construction as detailed by the County Assessor's office. <br /> <br />In addition, the city's population growth of .82% exceeds the Alameda County population <br />growth of .70%. Therefore, the calculation will utilize the two growth factors of the change <br />in Pleasanton's local assessment roll due to nonresidential construction and the City population <br />growth to calculate the 2005-06 appropriation limit. <br /> <br />The attached Exhibit A details the calculation for the Prop 4 appropriations limit.The <br />appropriations limit for fiscal year 2005-06 is $303,378,112. <br /> <br /> FISCAL IMPACT <br /> <br /> 2005-06 appropriations subject to the limit will be calculated as part of the upcoming budget <br /> and are estimated to be less than $70 million. Therefore, the $303,378,112 limit is not <br /> anticipated to be approached in either the near or the long-term. <br /> <br />~Respectfully Submitted,~ ~ . <br />Susan Rossi Nelson Fialho <br />Director of Finance City Manager <br /> <br /> SR05:130 <br /> <br /> <br />