EXHIBIT [A]
FISCAL YEAR 2022-2023
APPROPRIATIONS LIMITATION
Article XIIIB of the California Constitution specifies that “Appropriations made by State and Local Governments may increase annually by a Factor comprised of the Change in Population combined either with the Change in California Per Capital Personal Income or the Local Assessment Roll due to Local Nonresidential Construction.” Per Capita Change 7.55% Converted to a
Factor
1.0755
Population Change -1.79% Converted to a
Factor
0.9821
Ratio of Change 1.0755 (x) 0.9821 (=) 1.0562
2020-2021 Appropriations Limit: $9,766,845.47
Factor 1.0562
2021-2022 Appropriations Limit: $10,315,742.19
The Amount subject to the Appropriations Limit is calculated as follows:
2022-2023 PROPOSED BUDGET
(1) Property Taxes $888,000
(2) Sales and Use Tax $2,850,000
(3) Utility Users Tax $250,000
(4) Business License Tax $70,000
(5) Transient Occupancy Tax $2,000
(6) Other Taxes:
- Real Estate Transfer Tax
- Homeowner’s Property Tax
Relief (HOPTR)
$11,000
(7) Interest (Prorated) $5,000
(8) Motor Vehicle In-Lieu Tax $1,080,000
Total Amount subject to Limitations $5,156,000
EXHIBIT [B]
CALIFORNIA
DEPARTMENT OF FINANCE
FISCAL YEAR 2022-2023
SUPPORTINGDOCUMENTATION