City Council

4. Approval of Annual Appropriations Limit for Fiscal Year 2023-24, Including Adoption of\nthe Price Factor and Population Change Factor for the Appropriations Limit Calculation\nRECOMMENDATION:\n(1) Approve the selection of the Change in Per Capita Personal Income of 4.44% as the\nPrice Factor for the Fiscal Year 2023-24 Appropriations Limit Calculation; and\n(2) Approve the selection of the Change in the County of San Bernardino Population of\n0.12% as the Population Change Factor for the Fiscal Year 2023-2024\nAppropriations Limit Calculation; and\n(3) Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND\nTERRACE, CALIFORNIA, ESTABLISHING THE APPROPRIATIONS LIMIT FOR\nFISCAL YEAR 2023-24, INCLUDING ADOPTION OF THE PRICE FACTOR AND\nPOPULATION CHANGE FACTOR FOR THE APPROPRIATIONS LIMIT\nCALCULATION\nDEPARTMENT: FINANCE