CALCULATION OF APPROPRIATION LIMIT FROM
TAX PROCEEDS FOR 2023-24
2022-23 Appropriation Limit $ 244,347,863
Mulitiplied by the appropriation limit change factors:
1. Change in the Local Non-Residential Construction: 1.0626
2. Santa Barbara County Population Change Factor 0.9987 Total appropriation limit change factor 1.0612
2023-24 Appropriation Limit
$ 259,301,952
2023-24 Estimated Proceeds of Taxes Subject to Appropriation Limit $ 95,384,843
Appropriation limit change factors:
1. Greater of:
Change in the Local Non-Residential Construction: 6.26% Change in California per Capita Income: 4.44%
Income Change Factor: 1 + 0.0626 1.0626
2. Greater of:
City of Santa Maria Population Change Factor:
2022 109,617
2023 109,477
Change -140
Percentage Change: -140 / 109,617 = -0.13%
Santa Barbara County Population Change Factor
2022 437,125
2023 434,517
Change -2,608
Percentage Change: -2,608 / 437,125 = -0.60%
Population Change Factor: 1 + -0.0013 = 0.9987
Posted for Public on 6/28/2023 EXHIBIT A