| PROPERTY TAX APPROPRIATION LIMIT | |||
| 2014-2015 BUDGET | |||
| Exempt Appropriations: | |||
| Debt Service | 230,000 | ||
| Qualified Capital Outlays | 3,441,600 | [1] [2] | |
| Retirement Payments | 395,400 | ||
| Unemployment Ins. Payments | 3,000 | ||
| 4,070,000 | |||
| [1] Appropriations for all qualified capital outlay projects, as | |||
| defined by the Legislature (per MPWMD enabling legislation) | |||
| [2] Water Project 1, 2 & 3 capital outlay | |||