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HomeMy WebLinkAboutResolution 2026-052 City of Atascadero Resolution No. 2026-052 Page 1 of 2 RESOLUTION NO. 2026-052 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ATASCADERO, CALIFORNIA, ADOPTING THE FISCAL YEAR 2026-2027 ANNUAL SPENDING LIMIT WHEREAS, Proposition 111 revises the methodology used to calculate the Annual Spending Limit; and WHEREAS, the City of Atascadero must select the most appropriate criteria to be used in calculating the annual limit. NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Atascadero SECTION 1. That the City of Atascadero elects to use the following criteria for fiscal year 2026-2027 in establishing its new Annual Spending Limit: County Population and Growth in Non-Residential Assessed Valuation SECTION 2. That the annual spending limit for 2026-2027 is calculated as follows: Fiscal Year Percentage Change New Limit 2026-2027 10.63% $75,548,255 SECTION 3. Any judicial action or challenge must be commenced within 45 days of the effective date of this resolution. SECTION 4. Documentation used in determining the Annual Spending Limit is available to the public in the Administrative Services Department, 6500 Palma Avenue, Atascadero, California. PASSED AND ADOPTED at a regular meeting of the City Council held on the 23rd day of June, 2026. Docusign Envelope ID: F1C59354-9227-8275-818D-ED2783B17436 City of Atascadero Resolution No. 2026-052 Page 2 of 2 On motion by Council Member Funk, and seconded by Council Member Newsom, the foregoing Resolution is hereby adopted in its entirety on the following roll call vote: AYES: Council Member Funk, Newsom, Peek, Mayor Pro Tem Dariz, Mayor Bourbeau NOES: None ABSENT: None ABSTAIN: None CITY OF ATASCADERO _______________________________ Charles Bourbeau, Mayor ATTEST: Lara K. Henderson, City Clerk Docusign Envelope ID: F1C59354-9227-8275-818D-ED2783B17436