| PROPERTY TAX APPROPRIATION LIMIT | |||
| 2005-06 BUDGET | |||
| Appropriations Limit for 2004-2005 | $1,035,492 | ||
| Multiplier | 1.0508 | note 1 | |
| Appropriations Limit for 2005-2006 | $1,088,106 | ||
| Appropriations Subject to Limit: | |||
| Property Tax | $1,144,500 | note 2 | |
| Exempt Appropriations | ($309,300) | ||
| Total | $835,200 | ||
| Appropriation Limit for 2005-2006 | ($1,088,106) | ||
| Estimated Excess Tax Revenue | $0 | ||
| NOTES: | |||
| 1. Source: Price and Population Data for Local Jurisdictions | |||
| Department of Finance, May 2005 | |||
| Price 1.0526 X Population 0.9983 = | 1.0508 | ||
| Price | 1.0526 | ||
| Population | 0.9983 | ||
| Ratio of change | 1.0508 | ||
| 2. Property tax revenue estimate | $1,144,500 | ||
| approplimit | |||
| 6/1/2005 | |||