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Annual Gann Appropriation Limit <br />Pg 7 <br />Prop 4 (November 1979) established an annual appropriation limit (Gann <br />Limit) <br />Restricts amount of taxes that can be appropriated annually <br />Adjusted annually based on population and inflation (personal income growth) <br />City’s FY 2025-26 Gann Limit is $341,146,079 <br />FY 2025-26 appropriation limit totals $126,825,964, which is $214,320,115 <br />below the new appropriation limit