San Jose Ca.Gov
File #: 23-923    Version: 1
Type: Strategic Support Status: Agenda Ready
File created: 6/6/2023 In control: City Council
On agenda: 6/20/2023 Final action:
Title: Adoption of the Annual Appropriation Ordinance and Annual Funding Sources Resolution for the Fiscal Year 2023-2024 Budget, and Resolution Establishing the Fiscal Year 2023-2024 Appropriation Limit. - TO BE HEARD IMMEDIATELY BEFORE CONSENT
Attachments: 1. (a)(b) Memorandum, 2. (c) Memorandum, 3. Resolution

...Title

Adoption of the Annual Appropriation Ordinance and Annual Funding Sources Resolution for the Fiscal Year 2023-2024 Budget, and Resolution Establishing the Fiscal Year 2023-2024 Appropriation Limit. - TO BE HEARD IMMEDIATELY BEFORE CONSENT

...Recommendations

(a) Adopt the Annual Appropriation Ordinance, including transfers and loans for Fiscal Year 2023-2024 and the Manager’s Final Budget Addendum.

(b) Adopt the Annual Funding Sources Resolution for Fiscal Year 2023-2024 and the Manager’s Final Budget Addendum.

(c) Adopt a resolution taking the following actions with respect to the City’s 2023-2024 “Gann Limit”:

 (1) Elect the per capita income index as the inflation factor for 2023-2024 on a provisional basis, with the option to adjust the Limit, if necessary, once the non-residential assessment data is available from the County Assessor;

 (2) Elect the County of Santa Clara population growth index as the population factor for 2023-2024; and

 (3) Establish the Fiscal Year 2023-2024 Appropriation Limit at $1,462,637,396 in compliance with Article XIIIB of the State of California Constitution.

CEQA: Not a Project, File No. PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impact on the environment. (City Manager)

TO BE HEARD IMMEDIATELY BEFORE CONSENT