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6.3.A. - Page 9 <br />May 2018 <br />Attachment A <br />A. Price Factor: Article XIII B specifies that local jurisdictions select their cost of living <br />factor to compute their appropriation limit by a vote of their governing body. The cost <br />of living factor provided here is per capita personal income. If the percentage <br />change in per capita personal income is selected, the percentage change to be used <br />in setting the fiscal year 2018-19 appropriation limit is: <br />Per Capita Personal Income <br />Fiscal Year Percentage change <br />(FY) over prior year <br />2018-19 3.67 <br />B. Following is an example using sample population change and the change in <br />California per capita personal income as growth factors in computing a 2018-19 <br />appropriation limit. <br />2018-19: <br />Per Capita Cost of Living Change = 3.67 percent <br />Population Change = 0.78 percent <br />Per Capita Cost of Living converted to a ratio: <br />Population converted to a ratio: <br />3.67 + 100 = 1.0367 <br />100 <br />0.78 + 100 = 1.0078 <br />100 <br />Calculation of factor for FY 2018-19: 1.0367 x 1.0078 = 1.0448 <br />