HomeMy WebLinkAboutFY 26 Proposed Gann Limit CalculationCITY OF NEWPORT BEACH
COMPUTATION OF APPROPRIATIONS LIMIT FOR
FISCAL YEAR ENDING JUNE 30, 2026
AS PER ARTICLE XIIIB, CALIFORNIA STATE CONSTITUTION
PRIOR YEAR INFLATION POPULATION NEW APPROP.
FISCAL YEAR LIMIT ADJUST. (1)ADJUST. (2)LIMIT
2025-2026 256,289,570 6.44%0.17%273,258,369
note (1):Based on California per capita income increases
note (2):Based on Orange County Population growth
CALCULATION OF ESTIMATED PROCEEDS OF TAXES FOR
FISCAL YEAR ENDING JUNE 30, 2026
Total Estimated Proceeds of Taxes $247,453,704
Less Authorized Exclusions note (3)$0
Net Proceeds of Taxes $247,453,704
note (3):Since 2025-26 estimated proceeds are substantially less than the
Appropriations Limit, exclusions were not calculated.
AMOUNT UNDER APPROPRIATIONS LIMIT 25,804,665