R115391
City Council Meeting: June 27, 2023 Santa Monica, California
RESOLUTION NUMBER 11539 (CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA ESTABLISHING THE GANN APPROPRIATIONS LIMIT FOR
THE FISCAL YEAR 2023-24
WHEREAS, pursuant to the provisions of Government Code section 7910 and
Article XIIIB of the California Constitution, the City Council of the City of Santa Monica
(the “City Council”) is required to establish its appropriations limit by resolution; and
WHEREAS, pursuant to Government Code sections 7901 and 7910, the final
calculation of the appropriations limit has been determined, and the adjustment factors
on which the calculation is based are an 8.86% change in the City of Santa Monica’s Non-
Residential New Construction Assessed Valuation and a -0.02% change in population
growth for the City of Santa Monica; and
WHEREAS, documentation used in the determination of the appropriations limit
has been available to the public for at least fifteen (15) days prior to adoption as required
by Government Code section 7910.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. For purposes of Article XIIIB of the California Constitution, the City
of Santa Monica appropriations limit for the Fiscal Year 2023-24 shall be $2,947,395,776
calculated as follows:
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2
FY 2022-23 Gann Limit a $2,708,057,642
Factors
City of Santa Monica’s Non-Residential New Construction Assessed Valuation
b 1.08860
City Population Change c 0.99980 =
Total adjustment factor (b*c) X 1.08838
FY 2023-24 Gann Limit $2,947,395,776
a As adopted by City Council on June 27, 2022 (Resolution No. 11436 CCS)
b Per HdL Coren & Cone, City of Santa Monica Nonresidential New Construction
c Per State Department of Finance – May 2023
SECTION 2. The City Clerk shall certify to the adoption of this resolution, and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
_________________________ Douglas Sloan, City Attorney
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Adopted and approved this 27th day of June 2023.
Gleam Davis, Mayor
I, Denise Anderson-Warren, City Clerk of the City of Santa Monica, do
hereby certify that Resolution No. 11539 (CCS) was duly adopted at a meeting of
the Santa Monica City Council held on the 27th day of June 2023, by the following
vote:
AYES:
NOES:
Councilmembers de la Torre, Torosis, Brock, Parra, Zwick
Mayor Pro Tem Negrete, Mayor Davis
None
NoneABSENT:
ATTEST:
Denise Anderson-Warren, City Clerk
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