Resolution establishing the appropriations limit established at $14,639,589,998 for Fiscal Year (FY) 2025-2026 pursuant to California Constitution Article XIII B; due to the addition of local non-residential new construction and the percent change in population within the San Francisco Metropolitan Area from the previous year for the purpose of computation of its Appropriations Limit.

This resolution establishes the City and County of San Francisco's appropriations limit for Fiscal Year (FY) 2025-2026 at $14,639,589,998. This limit is calculated based on the prior year's limit, adjusted for population changes and cost of living, and incorporates a voter-approved increase.

Key Adjustments and Factors:

• Base Limit: The base appropriations limit for FY2024-2025 was $11,752,763,337.
• Population Change: The population of the San Francisco Metropolitan Area increased by 0.60% from the previous year. The City and County's own population decreased by -0.39%, so the higher metropolitan area figure is used.
• Cost of Living/New Construction: The local assessment roll growth due to non-residential new construction was 9.76%, which is higher than the California per-capita personal income change of 6.44%, so the 9.76% figure is used.
• Voter-Approved Increase: Proposition M (November 2024) increased the limit by $1,662,357,961.

The calculation results in the FY2025-2026 appropriations limit of $14,639,589,998. The Controller's office estimates that actual appropriations subject to this limit will be approximately $5,542,689,415, leaving the City and County significantly below its limit.