ATTACHMENT 1
PROPERTY TAX APPROPRIATION LIMIT
2014-2015 BUDGET
Appropriations Limit for  2013-2014		$1,430,885
Multiplier		1.0072	note 1
Appropriations Limit for  2014-2015		$1,441,156
Appropriations Subject to Limit:
Property Tax		$1,500,000	note 2
Exempt Appropriations		($4,070,000)
Total		-$2,570,000
Appropriations Limit for  2014-2015		$1,441,156
Estimated Excess Tax Revenue		$0
NOTES:
1. Source: Price and Population Data for Local Jurisdictions
Department of Finance, May 2014
Price 0.9977 x Population 1.0095 =	1.0072
Price	0.9977
Population	1.0095
Ratio of change	1.0072
2.  Property tax revenue estimate	$1,500,000
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