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HomeMy WebLinkAboutReso 2024-120RESOLUTION NO. 2024-120 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ESTABLISHING THE APPROPRIATIONS LIMIT (GANN LIMIT) FOR THE CITY OF CHULA VISTA FOR FISCAL YEAR 2024-2025 WHEREAS, Article XIIIB of the California Constitution, approved b y the voters in 1979, imposed the concept of spending limits on local governments; and WHEREAS, this Constitutional provision and related implementing legislation specifies that annual increases in appropriations financed from "Proceeds of Taxes" are limited to a base year (1978-79) amount increased annually by an inflation factor comprised of the change in population of the city combined with the greater of the change in new non-residential construction or the change in the California per capita personal income; and WHEREAS, by definition, "Proceeds of Taxes" includes such revenues as property taxes, sales and use taxes, utility user taxes, transient occupancy taxes, and state subventions; and WHEREAS, revenues from other sources like fees/charges and federal grants are considered "Non-Proceeds of Taxes" and are not subject to the annual spending limit; and WHEREAS, this calculation has always been perfunctory for the City of Chula Vista, as the proceeds of taxes for the City are far less than the statutory appropriation limit; and WHEREAS, the State Department of Finance and the San Diego County Assessor's Office are charged with providing the data necessary for local jurisdictions to establish their appropriation limit; and WHEREAS, according to these sources, for purposes of the Fiscal Year 2024-2025 calculation, the population increased 0.54%, and WHEREAS, California per capita personal income increased by 3.62% and new non- residential construction increased by 5.6% and; consequently non-residential construction change was used in the formula to compute the limit since this increase is the greater of the two amounts; and WHEREAS, the Fiscal Year 2024-25 Appropriation Limit has been calculated to be $1,362,259,057; and WHEREAS, the "Proceeds of Taxes" as included in the Fiscal Year 2024-25 proposed budget that are subject to the appropriations limit are estimated to be $224,168,128; and WHEREAS, the City has what is referred to as an appropriation “gap” of $1,138,090,929 ($1,362,259,057 - $224,168,128); and DocuSign Envelope ID: F3C90C29-5D9B-498B-B23E-D68E881E4A95 Resolution No. 2024-120 Page No. 2 WHEREAS, this means that the City could collect and spend up to $1,138,090,929 more in taxes during Fiscal Year 2024-2025 without exceeding the Constitutional limit. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby establish an appropriations limit of $1,362,259,057 for fiscal year 2024-25 pursuant to the requirements of Article XIIIB of the California Constitution and California Government Code section 7910. [SIGNATURES ON THE FOLLOWING PAGE] DocuSign Envelope ID: F3C90C29-5D9B-498B-B23E-D68E881E4A95 Resolution No. 2024-120 Page No. 3 Presented by Approved as to form by Sarah Schoen Marco A. Verdugo Director of Finance/Treasurer City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 11th day of June 2024 by the following vote: AYES: Councilmembers: Chavez, Gonzalez, Morineau, Preciado, and McCann NAYS: Councilmembers: None ABSENT: Councilmembers: None John McCann, Mayor ATTEST: Kerry K. Bigelow, MMC, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2024-120 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 11th day of June 2024. Executed this 11th day of June 2024. Kerry K. Bigelow, MMC, City Clerk DocuSign Envelope ID: F3C90C29-5D9B-498B-B23E-D68E881E4A95