Set legal spending limit for 2013-14 city budget
In Plain English
California law requires cities to calculate a maximum amount they can spend each year based on population and inflation. The city must formally adopt this limit before finalizing its annual budget. This procedural step ensures Richmond complies with state constitutional requirements for fiscal oversight.
Auto-generated summary. Source: official agenda documents.
Votes
Adopted Resolution No. 64-13, approving the 2013-14 Appropriations Limit for the City of Richmond pursuant to Article XIIIB, as amended, of the Constitution of the State of California
5 to 1
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