| ATTACHMENT 1 | ||||
| PROPERTY TAX APPROPRIATION LIMIT | ||||
| 2006-07 BUDGET | ||||
| Appropriations Limit for 2005-06 | $1,088,106 | |||
| Multiplier | 1.0332 | note 1 | ||
| Appropriations Limit for 2006-07 | $1,124,182 | |||
| Appropriations Subject to Limit: | ||||
| Property Tax | $1,268,000 | note 2 | ||
| Exempt Appropriations | ($473,600) | |||
| Total | $794,400 | |||
| Appropriation Limit for 2006-07 | ($1,124,182) | |||
| Estimated Excess Tax Revenue | $0 | |||
| NOTES: | ||||
| 1. Source: Price and Population Data for Local Jurisdictions | ||||
| Department of Finance, May 2006 | ||||
| Price 1.0526 X Population 0.9983 = | 1.0332 | |||
| Price | 1.0396 | |||
| Population | 0.9938 | |||
| Ratio of change | 1.0332 | |||
| 2. Property tax revenue estimate | $1,268,000 | |||
| approplimit | ||||
| 5/22/2006 | ||||