Set annual spending limits required by state law for 2 fiscal years
In Plain English
California law requires cities to calculate annual limits on spending tax money. Richmond must set its limit at $502 million for the 2023-2024 budget year. The city also needs to adjust last year's limit from $474 million to $483 million due to updated inflation calculations.
Auto-generated summary. Source: official agenda documents.
Community Discussion
This discussion was submitted to the City Clerk as part of the public record.
Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.
Similar Discussions
5 related items found by meaning
Set legal spending limit of $473.6 million for city budget year 2022-2023
Set fiscal year 2024-25 spending limit at $521 million
Set annual spending limit of $521 million for city budget
Set legal spending limit for city budget year 2021-22
Set $554.6 million spending limit for fiscal year 2025-26
The Story So Far
10 prior discussions on this topic
Approve $1.35 million annually for police technology systems and crime lab services through 2030
Hire consultant to study traffic impact fees and city service fees
Receive monthly police crime statistics for January 2026
Purchase $46,232 in ballistic helmets for police SWAT team
Update city-wide records retention and destruction schedules
Recognize April 14, 2026 as Nepali New Year in Richmond
Hire Dynamo Construction to repair Berth 7 dock for $1,080,650
Accept $4,500 sponsorship from Kaiser Permanente for Park Prescription Day
Hire Veritone Inc. for police data reporting and video redaction services
Hire T&R Riparian Restore for citywide weed control and vegetation management