Los Angeles
City Council
Agenda Item 1
(1) 240600S35 BUDGET, FINANCE AND INNOVATION COMMITTEE REPORT relative to Fiscal Year (FY) 202425 appropriations limit. Recommendations for Council action: 1. PROVIDE the public, in accordance with Section 7910 of the Government Code, the opportunity to review the documentation attached to the City Administrative Officer (CAO) report dated July 30, 2024, attached to Council file No. 240600S35, for at least 15 days before adopting an appropriations limit for FY 202425. 2. ADOPT the following factors to calculate the appropriations limit for FY 202425: a. Population Percent Change – City: 0.27 percent b. Nonresidential New Construction: 7.86 percent 3. ADOPT $8,655,270,027 as the appropriations limit for FY 202425. Fiscal Impact Statement: The CAO reports that there is no fiscal impact in recommendations in the a. Population Percent Change – City: 0.27 percent b. Nonresidential New Construction: 7.86 percent