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ATTACHMENT 1 <br />RESOLUTION NO. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />ADOPTING THE FISCAL YEAR 2026/27 APPROPRIATIONS LIMIT <br /> <br /> <br />WHEREAS, Article XIIIB of the State of California Constitution (Proposition 4 on the <br />November 6, 1979 ballot) requires that each year the governing body of each local agency <br />establish its appropriations limit for the following year; and <br /> <br />WHEREAS, Proposition 111, passed by the voters in June 1990, expands the choices for <br />making annual adjustments to the appropriations limit based on various growth factors; and <br /> <br />WHEREAS, the City Council has determined that the growth factors of (1) the percentage <br />change in the county’s population, and (2) the percentage change in Pleasanton’s local <br />assessment roll due to non-residential construction provided by the Alameda County Assessor’s <br />Office will be used to establish the FY 2026/27 appropriation limit; and <br /> <br />WHEREAS, selecting these growth factors will result in a new limit for FY 2026/27 of <br />$946,881,705. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES <br />RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> <br />SECTION 1: The Proposition 111 growth factors selected for fiscal year 2026/27 for <br />determining the City’s Proposition 4 appropriations limit are (1) the percentage change in the <br />county’s population and (2) the percentage change in Pleasanton’s local assessment roll due to <br />non-residential construction provided by the Alameda County Assessor’s Office. <br /> <br />SECTION 2: The appropriation limit for fiscal year 2026/27 is $946,881,705. <br /> <br />SECTION 3: This resolution shall become effective immediately upon its passage and <br />adoption. <br /> <br />SECTION 4: The City Clerk shall certify to the passage of this resolution and enter it into <br />the book of original resolutions. <br /> <br />PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a <br />regular meeting held on June 16, 2026. <br /> <br />I, Jocelyn Kwong, City Clerk of the City of Pleasanton, California, certify that the foregoing <br />resolution was adopted by the City Council at a regular meeting held on the 16th of June 2026 by <br />the following vote: <br /> <br />Ayes: <br />Noes: <br />Absent: <br />Abstain: <br />_____________________________ <br />Jocelyn Kwong, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />___________________________ <br />Daniel G. Sodergren, City Attorney <br />Page 137 of 443