Laserfiche WebLink
May 2025 <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 <br />cost 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 <br />used in setting the fiscal year 2025-26 appropriation limit is: <br />Per Capita Personal Income <br />Fiscal Year Percentage change <br />(FY) over prior year <br />2025-26 6.44 <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 2025-26 <br />appropriation limit. <br />2025-26: <br />Per Capita Cost of Living Change = 6.44 percent <br />Population Change = 0.28 percent <br />Per Capita Cost of Living converted to a ratio: 6.44 + 100 = 1.0644 <br /> 100 <br />Population converted to a ratio: 0.28 + 100 = 1.0028 <br /> 100 <br />Calculation of factor for FY 2025-26: 1.0644 x 1.0028 = 1.0674 <br />6.A. - Page 9 of 12 <br />18