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