Set legal spending limit for city budget year 2021-22
In Plain English
California law requires cities to set a maximum spending limit each year based on population and inflation. Richmond must formally approve this limit before spending any money in the new budget year. The limit prevents cities from growing spending faster than the local economy.
Auto-generated summary. Source: official agenda documents.
Votes
Adopted Resolution No. 79-21 approving the Fiscal Year 2021-22 appropriations limit for the City of Richmond pursuant to Article XIIIB of the Constitution of the State of California
6 to 1
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