| ATTACHMENT 1 | ||||
| PROPERTY TAX APPROPRIATION LIMIT | ||||
| 2007-08 BUDGET | ||||
| Appropriations Limit for 2006-07 | $1,124,182 | |||
| Multiplier | 1.0474 | note 1 | ||
| Appropriations Limit for 2006-07 | $1,177,510 | |||
| Appropriations Subject to Limit: | ||||
| Property Tax | $1,338,000 | note 2 | ||
| Exempt Appropriations | ($445,500) | |||
| Total | $892,500 | |||
| Appropriation Limit for 2006-07 | $1,177,510 | |||
| Estimated Excess Tax Revenue | $0 | |||
| NOTES: | ||||
| 1. Source: Price and Population Data for Local Jurisdictions | ||||
| Department of Finance, May 2007 | ||||
| Price 1.0442 X Population 1.0031 = | 1.0474 | |||
| Price | 1.0442 | |||
| Population | 1.0031 | |||
| Ratio of change | 1.0474 | |||
| 2. Property tax revenue estimate | $1,338,000 | |||
| approplimit | ||||
| 5/29/2007 | ||||