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Page 2 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />26 are $141,825,152, well below the $1,044,338,532 legal limit. The increase in FY 2025-26 is primarily <br />due to a percentage change of 6.44% in state-wide per capita personal income over the prior year, one of <br />the factors used in calculating the change in the appropriation limit. The resolution displays the <br />calculations utilized to arrive at this amount. <br />FISCAL IMPACT <br />There is no fiscal impact associated with adopting the recommended appropriations limit, and the <br />appropriation of the proceeds of taxes is well under the recommended limit. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA <br />Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably <br />foreseeable indirect physical change in the environment. <br />PUBLIC NOTICE <br />Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72- <br />hours prior to the meeting. <br />ALTERNATIVES <br />There are no practical alternatives, as Article XIIIB of the State Constitution requires that the state and all <br />local entities adopt an appropriations limit annually. <br />ATTACHMENTS <br />Attachment A – Resolution establishing Appropriations Limit for FY 2025-26 <br />Attachment B – Documentation used for the calculation of the Appropriations Limit <br />REPORT PREPARED BY: <br />Mario Xuereb, Principal Analyst- Budget/Purchasing <br />mxuereb@redwoodcity.org <br />(650) 780-7075 <br />6.A. - Page 2 of 12 <br />11