Set $554.6 million spending limit for fiscal year 2025-26
Resolution 80-25
In Plain English
California law requires cities to set annual spending limits based on 1978-79 amounts adjusted for population and cost of living changes. Richmond calculated its limit using Contra Costa County's population growth and state income changes. The limit prevents the city from exceeding $554.6 million in certain types of spending next fiscal year.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
PassedSimilar Discussions
5 related items found by meaning
Set legal spending limit of $473.6 million for city budget year 2022-2023
Set annual spending limit of $521 million for city budget
Set fiscal year 2024-25 spending limit at $521 million
Set annual spending limits required by state law for 2 fiscal years
Set legal spending limit for city budget year 2021-22
The Story So Far
2 prior discussions on this topic
Richmond Government Accountability, Transparency, and Ethics Act (Richmond GATE Act) Placing a Ballot Initiative on the November 2026 Ballot to Adopt an Ordinance that Establishes an Independent Ethics Commission
Approve $942,050 construction contract for Area FM temporary cap project
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