HomeMy WebLinkAboutR 2026-049
RESOLUTION NO. 2026-049
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE ADOPTING A TAX PROCEEDS
EXPENDITURE APPROPRIATION LIMIT FOR FISCAL
YEAR 2026-27
WHEREAS, sections 7900 et seq. of the Government Code provide for the effective and
efficient implementation of Article XIIIB of the California Constitution; and
WHEREAS, Government Code sections 7901 through 7914 provide that each year, the
governing body of each local jurisdiction shall, by resolution adopted at a regularly
scheduled meeting, establish the annual adjustment factors to be used and the tax
proceeds expenditure appropriation limit.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Arroyo Grande
as follows:
1. The California per capita income and the population for the County of San Luis
Obispo, California are recognized as the annual adjustment factors for Fiscal Year
2026-27.
2. The appropriation limit for Fiscal Year 2026-27 is hereby set at thirty-two million,
one hundred seventy-nine thousand, five hundred forty-three dollars
($32,179,543).
3. Documentation used in the determination of the tax proceeds expenditure
appropriation limit is attached hereto as Exhibit A and incorporated herein by this
reference.
4. This Resolution is effective on its date of adoption.
On motion of Council Member Guthrie, seconded by Council Member Secrest, and on the
following roll call vote, to wit:
AYES: Council Members Guthrie, Secrest, Maraviglia, and Mayor Ray Russom
NOES: None
ABSENT: Council Member Loe
the foregoing Resolution was passed and adopted this 23rd day of June, 2026.
CAREN RAY RUSSOM, MAYOR
ATTEST:
JESSICA MATSON, CITY CLERK
APPROVED AS TO CONTENT:
MATTHEW DOWNING, CITY MANAGER
APPROVED AS TO FORM:
ISAAC ROSEN, CITY ATTORNEY
RESOLUTION NO. 2026-049
PAGE 2
RESOLUTION NO. 2026-049
PAGE 3
EXHIBIT A
Appropriation limit for 2025-26 30,708,601 (A)
Multiplied by the appropriation limit change factors:
Per Capita Personal Income Change:4.95%
=
100
Population Factor - San Luis Obispo County
2025 279,666
2026 279,242 -0.2%
(424)
==
279,242 100
Appropriation limit factor: (B x C)1.0479 (D)
APPROPRIATION LIMIT FOR FISCAL YEAR 2026-26 (A x D7 32,179,543$
28,015,100$
Amount under (over) limit 4,164,443
ESTIMATED 2025-26 PROCEEDS OF TAXES SUBJECT
TO APPROPRIATION LIMIT
Conversion to ratio:(424) -0.2% +100 0.99848 (C)
CITY OF ARROYO GRANDE
CALCULATION OF APPROPRIATION LIMIT FROM TAX PROCEEDS
FOR FISCAL YEAR 2026-27
Conversion to ratio:4.95% +100 1.0495 (B)
OFFICIAL CERTIFICATION
I, JESSICA MATSON, City Clerk of the City of Arroyo Grande, County of San Luis
Obispo, State of California, do hereby certify under penalty of perjury, that the attached
Resolution No. 2026-049 was passed and adopted at a regular meeting of the
City Council of the City of Arroyo Grande on the 23rd day of June, 2026.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 25th day
of June, 2026.
JESSICA MATSON, CITY CLERK