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EXHIBIT 1 <br />COMPUTATION OF APPROPRIATION LIMIT <br />FOR FISCAL YEAR ENDING JUNE 30, 2017 <br />Fiscal Year 2015 -16 Appropriations Limit <br />California Per Capita Personal Income: <br />Converted into a Factor <br />Population Growth: <br />Converted into a Factor: <br />$ 937,202,781 <br />5.370% <br />1.0537 <br />0.99% <br />1.0099 <br />Calculation of factor for fiscal year 2016 -17 (1.0537 x 1.0099): 1.0641 <br />Fiscal Year 2016 -17 Appropriations Limit $ 997,277,479 <br />* Source: State of California, Department of Finance, Price and Population Information - FY 2016 -17 <br />55B -3 <br />