HomeMy WebLinkAbout2026-057 Gann LimitRESOLUTION NO. 2026-57
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, ESTABLISHING THE APPROPRIATIONS GANN LIMIT FOR
FISCAL YEAR (FY) 2026-27 AND SELECTING THE POPULATION AND
INFLATION FACTOR ACCORDINGLY
Whereas, Voters approved Proposition 4, the “Gann Limit” Initiative, on November 6,
1979, in a statewide special election ballot as an initiated constitutional amendment, which
would limit the growth in appropriations made by the state and individual local governments.
The limit in the rate of growth is the percentage increase in the cost of living and the percentage
increase in the state or local government's population. Require state and local governments to
return any funds to taxpayers in excess of the amount appropriated for a given fiscal year.
Require the state to reimburse local governments for the cost of complying with state mandates.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES
HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. The Appropriations Limit will be calculated based on the changes in the City
population and California per capita personal income.
Section 2. The Appropriations Limit for the City of Lake Elsinore for FY 2026-27,
attached hereto as Exhibit A, is hereby adopted.
Section 3. The City Clerk shall certify to the adoption of this Resolution and enter it into
the book of original Resolutions.
Passed and Adopted at a regular meeting of the City Council of the City of Lake
Elsinore, California, this 9th day of June 2026.
Robert E. Magee
Mayor
Attest:
Candice Alvarez, MMC
City Clerk
Docusign Envelope ID: 0C083E86-292B-81C8-82C8-A61341669914
CC Reso No. 2026-57
Page 2 Of 2
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify
that Resolution No. 2026-57 was adopted by the City Council of the City of Lake Elsinore,
California, at the Regular meeting of June 9, 2026 and that the same was adopted by the
following vote:
AYES: Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor
Magee
NOES: None
ABSENT: None
ABSTAIN: None
Candice Alvarez, MMC
City Clerk
Docusign Envelope ID: 0C083E86-292B-81C8-82C8-A61341669914
2025 - 2026 Appropriations Limit:143,842,430$
Price/Population Factor for FY 2025-2026: X =1.0615693
2026-2027 Appropriations Limit:152,698,701$
Amount subject to the limit 56,703,434$
Is the amount subject to the limit below the limit?Yes
B
Change in Per
Capita Personal
Income:B
City
Population
Factor:
4.95 1.15
2025 - 2026 factors
converted to a ratio:1.0495 1.0115
Appropriations Limit
6/30/2026
CITY OF LAKE ELSINORE
Docusign Envelope ID: 0C083E86-292B-81C8-82C8-A61341669914