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Home My WebLink AboutRES-25-7498 (TAX APPROPRIATIONS LIMIT FOR FY 2025-2026) Page 1 of 2 RES-25-7498 CITY OF HERMOSA BEACH RESOLUTION NO. RES-25-7498 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2025–26 WHEREAS, the voters of California, on November 6, 1979, added Article XIII B to the State Constitution, placing various limitations on appropriations of state and local governments; and WHEREAS, Article XIII B provides that the appropriations limit for the fiscal year 2025–2026 is calculated by adjusting the base year appropriations of fiscal year 1986-87 and subsequent years for changes in the cost of living and population; and WHEREAS, Proposition 111 (Section 1.5 of Article XIII B), enacted by the voters on June 5, 1990, modified the method of calculating the limit, beginning with fiscal year 1990-91; and WHEREAS, the City of Hermosa Beach has complied with all of the provisions of Article XIII B in determining the appropriations limit for fiscal year 2025–2026; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That the City of Hermosa Beach chooses to use the California Per Capita Personal Income Change as the inflation adjustment factor for fiscal year 2025–2026. SECTION 2. The City of Hermosa Beach chooses to use the Change in Population for the County of Los Angeles as the growth adjustment factor for fiscal year 2025–2026. SECTION 3. The City of Hermosa Beach uses the Uniform Guidelines published by the League of California Cities in March 1991 to determine the limit and appropriations subject to the limit. SECTION 4. Documentation for calculation of the limit is on file in the Finance Department and will be reviewed by the City’s auditors during the annual financial audit, as required by Proposition 111. SECTION 5. The appropriations limit for the City of Hermosa Beach for fiscal Docusign Envelope ID: 1E15CDD7-EB40-46DF-925B-BC5C17230C9A Page 2 of 2 RES-25-7498 year 2025–2026 is $55,957,202. SECTION 6. This Resolution shall take effect immediately. The City Clerk shall enter the same in the book of original Resolutions; and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council meeting at which the same is passed and adopted. PASSED, APPROVED and ADOPTED on this 24th day of June, 2025 Mayor Rob Saemann PRESIDENT of the City Council and MAYOR of the City of Hermosa Beach, CA ATTEST: APPROVED AS TO FORM: _______________________________ _______________________________ Myra Maravilla Todd Leishman City Clerk Interim City Attorney Docusign Envelope ID: 1E15CDD7-EB40-46DF-925B-BC5C17230C9A CITY OF HERMOSA BEACH 2025-26 CALCULATION OF APPROPRIATION LIMIT HISTORY OF LIMITATION Limitation for 1986-87 Fiscal Year $8,609,437 1987-88 Per Capita Income Change =3.47% >1.0544 County of Los Angeles Population Change = 1.91% Limitation $9,077,790 1988-89 Per Capita Income Change =4.66% >1.0655 County of Los Angeles Population Change = 1.81% Limitation $9,672,386 1989-90 Per Capita Income Change =5.19% >1.0638 County of Los Angeles Population Change = 1.14% Limitation $10,289,484 1990-91 Per Capita Income Change =4.21% >1.0562 County of Los Angeles Population Change = 1.36% Limitation $10,867,753 1991-92 Per Capita Income Change =4.14% >1.0594 County of Los Angeles Population Change = 1.73% Limitation $11,513,297 1992-93 Per Capita Income Change =-0.64% >1.0084 County of Los Angeles Population Change = 1.49% Limitation $11,610,009 1993-94 Per Capita Income Change =2.72% >1.0371 County of Los Angeles Population Change = 0.96% Limitation $12,040,740 1994-95 Per Capita Income Change =0.71% >1.0147 County of Los Angeles Population Change = 0.75% Limitation $12,217,739 1995-96 Per Capita Income Change =4.72% >1.0507 County of Los Angeles Population Change = 0.33% Limitation $12,837,178 1996-97 Per Capita Income Change =4.67% >1.0517 County of Los Angeles Population Change = 0.48% Limitation $13,500,860 Docusign Envelope ID: 1E15CDD7-EB40-46DF-925B-BC5C17230C9A CITY OF HERMOSA BEACH 2025-26 CALCULATION OF APPROPRIATION LIMIT HISTORY OF LIMITATION 1997-98 Per Capita Income Change =4.67% >1.0597 County of Los Angeles Population Change = 1.24% Limitation $14,306,861 1998-99 Per Capita Income Change =4.15% >1.0604 County of Los Angeles Population Change = 1.81% Limitation $15,170,995 1999-00 Per Capita Income Change =4.53% >1.0639 County of Los Angeles Population Change = 1.78% Limitation $16,140,422 2000-01 Per Capita Income Change =4.91% >1.0675 County of Los Angeles Population Change = 1.75% Limitation $17,229,900 2001-02 Per Capita Income Change =7.82% >1.0961 County of Los Angeles Population Change = 1.66% Limitation $18,885,693 2002-03 Increase in non-residential assessed valuation due to new construction =1.00% >1.0299 City of Hermosa Beach Population Change =1.97% Limitation $19,450,375 2003-04 Per Capita Income Change =2.31% >1.0401 County of Los Angeles Population Change = 1.66% Limitation $20,230,335 2004-05 Per Capita Income Change = 3.28% >1.0471 County of Los Angeles Population Change = 1.38% Limitation $21,183,184 2005-06 Per Capita Income Change =5.26% >1.0650 County of Los Angeles Population Change =1.18% Limitation $22,560,091 2006-07 Per Capita Income Change =3.96% >1.0477 County of Los Angeles Population Change =0.78% Limitation $23,636,207 Docusign Envelope ID: 1E15CDD7-EB40-46DF-925B-BC5C17230C9A CITY OF HERMOSA BEACH 2025-26 CALCULATION OF APPROPRIATION LIMIT HISTORY OF LIMITATION 2007-08 Per Capita Income Change =4.42% >1.0515 County of Los Angeles Population Change =0.72% Limitation $24,853,472 2008-09 Per Capita Income Change =4.29% >1.0519 County of Los Angeles Population Change =0.86% Limitation $26,143,367 2009-10 Increase in non-residential assessed valuation due to new construction =0.88% >1.0179 County of Los Angeles Population Change =0.90% Limitation $26,611,333 2010-11 Increase in non-residential assessed valuation due to new construction =1.01% >1.019 City of Hermosa Beach Population Change =0.94% Limitation $27,116,948 2011-12 Increase in non-residential assessed valuation due to new construction =2.75% >1.0314 County of Los Angeles Population Change =0.38% Limitation $27,968,420 2012-13 Increase in non-residential assessed valuation due to new construction =9.71% >1.101268 County of Los Angeles Population Change =0.38% Limitation $30,800,726 2013-14 Per Capita Income Change =5.12% >1.05845328 County of Los Angeles Population Change =0.69% Limitation $32,601,127 2014-15 Increase in non-residential assessed valuation due to new construction =1.31% >1.021002 County of Los Angeles Population Change =0.78% Limitation $33,285,816 2015-16 Per Capita Income Change 3.82% >1.046713 County of Los Angeles Population Change =0.82% Limitation 34,840,696$ 2016-17 Per Capita Income Change 5.37% >1.062656 County of Los Angeles Population Change =0.85% Limitation 37,023,675$ Docusign Envelope ID: 1E15CDD7-EB40-46DF-925B-BC5C17230C9A CITY OF HERMOSA BEACH 2025-26 CALCULATION OF APPROPRIATION LIMIT HISTORY OF LIMITATION 2017-18 Per Capita Income Change 3.69% >1.042810 County of Los Angeles Population Change =0.57% Limitation 38,608,659$ 2018-19 Per Capita Income Change 3.67% >1.041987 County of Los Angeles Population Change =0.51% Limitation 40,229,720$ 2019-20 Per Capita Income Change 3.85% >1.040265 City of Hermosa Beach Population Change =0.17% Limitation 41,849,570$ 2020-21 Per Capita Income Change 3.73% >1.036159 County of Los Angeles Population Change =-0.11% Limitation 43,534,643$ 2021-22 Per Capita Income Change 5.73% >1.049159 County of Los Angeles Population Change =-0.77% Limitation 45,674,763$ 2022-23 Per Capita Income Change 7.55% >1.067864 County of Los Angeles Population Change =-0.71% Limitation 48,774,435$ 2023-24 Per Capita Income Change 4.44% >1.036567 County of Los Angeles Population Change =-0.75% Limitation 50,557,970$ 2024-25 Per Capita Income Change 3.62% >1.036718 County of Los Angeles Population Change =0.05% Limitation 52,414,358$ 2025-26 Per Capita Income Change 6.44% >1.067593 County of Los Angeles Population Change =0.30% Limitation 55,957,202$ Docusign Envelope ID: 1E15CDD7-EB40-46DF-925B-BC5C17230C9A State of California ) County of Los Angeles ) ss City of Hermosa Beach ) June 24, 2025 Certification of Council Action RESOLUTION NO. RES-25-7498 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2025–26 I, Myra Maravilla, City Clerk of the City of Hermosa Beach, do hereby certify that the above and foregoing Resolution No. RES-25-7498 was duly approved and adopted by the City Council of said City at its regular meeting thereof held on the 24th day of June 2025, and passed by the following vote: AYES: MAYOR SAEMANN, MAYOR PRO TEMPORE DETOY, COUNCILMEMBERS JACKSON, KEEGAN, and FRANCOIS NOES: NONE ABSTAIN: NONE ABSENT: NONE ________________________________ Myra Maravilla, City Clerk Docusign Envelope ID: 1E15CDD7-EB40-46DF-925B-BC5C17230C9A