Committee approves appropriations limits for FY 2024–25 for city and special districts

The Budget and Finance Committee on March 19 voted 3–0 to forward to the full Board of Supervisors two resolutions establishing the City and County of San Francisco’s appropriations limit for fiscal year 2024–25 and establishing limits for special tax districts and infrastructure and revitalization financing districts.

Michael Mitten of the Controller’s Office presented the citywide appropriations-limit calculation (commonly known as the Gann limit), describing the two adjustment factors used by statute: population growth and change in per-capita personal income or assessment-roll increases. He said San Francisco’s population rose about 0.11% while California per-capita personal income increased about 3.62%; assessment-roll growth from new construction was higher at 16.9%, yielding a combined increase used to compute the FY 2024–25 limit. The Controller’s Office reported a computed limit of approximately $11.8 billion for fiscal 2024–25 and noted the city’s appropriations subject to the limit were substantially below that level.

Bridget Katz, also with the Controller’s Office, presented the companion resolution setting limits for 12 financing districts. Katz said the districts’ limits are adjusted by the same population and cost-of-living factors and recommended adoption as a best practice in the office of the City Attorney’s supervision of financing districts.

The Budget and Legislative Analyst’s report recommended approval and concluded the limits do not impair planned development programs; the committee recorded a roll-call vote with Supervisors Matt Dorsey, Joe Ingardio and Chair Connie Chan voting aye.

The resolutions formalize the FY 2024–25 limit calculations for the city as a whole and for special tax and infrastructure districts; the Controller’s Office said the city remains far below the statutory limit and no refunding or tax-return actions are indicated at this time.