| ATTACHMENT 1 | ||||
| PROPERTY TAX APPROPRIATION LIMIT | ||||
| 2010-11 BUDGET | ||||
| Appropriations Limit for 2009-10 | $1,267,471 | |||
| Multiplier | 0.9878 | note 1 | ||
| Appropriations Limit for 2010-11 | $1,252,008 | |||
| Appropriations Subject to Limit: | ||||
| Property Tax | $1,465,000 | note 2 | ||
| Exempt Appropriations | ($3,973,700) | |||
| Total | -$2,508,700 | |||
| Appropriation Limit for 2009-10 | $1,252,008 | |||
| Estimated Excess Tax Revenue | $0 | |||
| NOTES: | ||||
| 1. Source: Price and Population Data for Local Jurisdictions | ||||
| Department of Finance, May 2010 | ||||
| Price 0.9878 X Population 1.0135 = | 0.9878 | |||
| Price | 0.9746 | |||
| Population | 1.0135 | |||
| Ratio of change | 0.9878 | |||
| 2. Property tax revenue estimate | $1,465,000 | |||