ATTACHMENT 1
APPROPRIATION (GANN) LIMIT GAP CALCULATION
FOR FISCAL YEAR 2022-23
FY 2022-23
Proceeds of Taxes Proposed Budget
Property Taxes 38,167,136
Property Tax in Lieu of VLF 23,558,103
Sales and Use Taxes 75,908,863
Transient Ocupancy Taxes 4,142,337
Utility Taxes 4,064,893
Other Local Taxes
Real Property Transfer Tax 1,183,539
Business License 1,531,921
State Motor Vehicle Licenses 214,809
State Homeowners Property Taxes 225,467
Total Proceeds of Taxes 148,997,068
Appropriation Limit 1,225,401,274
GAP (Under Limit) (1,076,404,206)
$0
$200
$400
$600
$800
$1,000
$1,200
FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23
Millions
Proceeds of Taxes Compared to Legal Spending Limit
Proceeds of Taxes Appropriation Limit