DATE: June 17, 2025
TO: Mayor and City Council
FROM: Interim Finance Director
SUBJECT
Title
Gann Limit Adoption: Adopt a Resolution Establishing a Gann Appropriations Limit for Fiscal Year 2026
End
RECOMMENDATION
Recommendation
That the City Council adopts a resolution (Attachment II) establishing a Gann appropriations limit for Fiscal Year 2025-26.
End
SUMMARY
Each fiscal year, the City is required to calculate and establish its appropriations limit. The Gann Limit for FY 2025-26 is calculated at $425,748,211, and the appropriations subject to limit total is $173,649,993.
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution
Attachment III FY 2025-26 Gann Appropriation Limit
Attachment IV Gann Adjustment Factor