Set annual spending limit of $521 million for city budget

Police & Community SafetyBudget

In Plain English

California law requires all cities to establish a maximum amount they can spend from tax revenue each year. The city calculates this limit using a 1979 baseline adjusted for inflation and population growth. If approved, Richmond can spend up to $521 million in tax proceeds during the 2024-25 budget year.

Auto-generated summary. Source: official agenda documents.