| ATTACHMENT 1 | ||||
| PROPERTY TAX APPROPRIATION LIMIT | ||||
| 2012-13 BUDGET | ||||
| Appropriations Limit for 2011-12 | $1,289,466 | |||
| Multiplier | 1.0471 | note 1 | ||
| Appropriations Limit for 2012-13 | $1,350,255 | |||
| Appropriations Subject to Limit: | ||||
| Property Tax | $1,403,000 | note 2 | ||
| Exempt Appropriations | ($6,426,900) | |||
| Total | -$5,023,900 | |||
| Appropriation Limit for 2012-13 | $1,350,255 | |||
| Estimated Excess Tax Revenue | $0 | |||
| NOTES: | ||||
| 1. Source: Price and Population Data for Local Jurisdictions | ||||
| Department of Finance, May 2012 | ||||
| Price 1.0251 X Population 1.0047 = | 1.0471 | |||
| Price | 1.0377 | |||
| Population | 1.0091 | |||
| Ratio of change | 1.0471 | |||
| 2. Property tax revenue estimate | $1,403,000 | |||
| Source: | ||||
| http://www.dof.ca.gov/budgeting/documents/Price-Population_2012.pdf | ||||