HomeMy WebLinkAboutCity Council - 2026-20 RESOLUTION NO. 2026-20
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH ESTABLISHING THE
GANN APPROPRIATION LIMIT FOR FISCAL YEAR 2026/2027
WHEREAS, Article 13B of the California Constitution imposes upon state agencies and
local governments the obligation to limit each fiscal year's appropriation of the proceeds from
taxes to the amount of such appropriations in fiscal year 1978/1979, adjusted for changes as
prescribed under the law.
NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby
resolve as follows:
In compliance with provisions of Article 13B of the California Constitution and the
formula set out therein, there is hereby established an appropriation limit of$1,357,734,424 for
the fiscal year 2026/2027.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the 16th day of June , 2026.
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Mayor
REVIEWED AND APPROVED: APPROVED AS TO FORM:
ity Manager ity Attorney
INITIATED AND APPROVED:
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Chief Financial Officer
Exhibit A—Gann Limit Calculation
26-18116/413035
EXHIBIT A Reso No. 2026-20
Exhibit "A"
GANN LIMIT CALCULATION FISCAL YEAR 2026-2027
Under Proposition Ill,there are two options available for each of the major adjustment factors. The values of these
factors for the purpose of calculating the Fiscal Year 2026-2027 adjustment are as follows:
Price Factor:
(A) Percent growth in State per Capita Personal Income: 4.95%
(Source:Dept.of Finance,California)
(B) Percent change in Assessed Valuation due to new non-residential construction: -1.88%
(Source:Orange County Assessor Prop 111 Report)
Population Factor:
(C) Percent growth in County Population: -0.37%
(Source:Dept.of Finance,California)
(D) Percent growth in City Population: -0.67%
(Source:Dept.of Finance,California)
Annual Adjustment Factor:
Based on the actual data,the four alternative adjustment factors are as follows:
(A x C) 1.0495 x 0.9963 = 1.045616850
(A x D) 1.0495 x 0.9933 = 1.042468350
(B x C) 0.9812 x 0.9963 = 0.977569560
(B x D) 0.9812 x 0.9933 = 0.974625960
Calculation of the Fiscal Year 2026-2027 Limit
FY 25/26 Limit $ 1,298,500,903
Recommended Adjustment Factor(Largest Allowable Increase) 1.04561685
FY 26/27 Limit $ 1,357,734,424
Res. No. 2026-20
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, LISA LANE BARNES, the duly elected, qualified City Clerk of the
City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do
hereby certify that the whole number of members of the City Council of the City of
Huntington Beach is seven; that the foregoing resolution was passed and adopted
by the affirmative vote of at least a majority of all the members of said City Council
at a Regular meeting thereof held on June 16, 2026 by the following vote:
AYES: Gruel, Kennedy, Twining, McKeon, Burns, Williams
NOES: None
ABSENT: None
ABSTAIN: Van Der Mark
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City Clerk and ex-officio Clerk of the
City Council of the City of
Huntington Beach, California