CALCULATION OF APPROPRIATION LIMIT FROM
TAX PROCEEDS FOR 2024-25
2023-24 Appropriation Limit $ 259,301,952
Mulitiplied by the appropriation limit change factors:
1. Change in the Local Non-Residential Construction: 1.0362
2. Santa Barbara County Population Change Factor 1.0084 Total appropriation limit change factor 1.0449
2024-25 Appropriation Limit
$ 270,944,610
2024-25 Estimated Proceeds of Taxes Subject to Appropriation Limit $ 95,682,036
Appropriation limit change factors:
1. Greater of:
Change in the Local Non-Residential Construction: 2.70% Change in California per Capita Income: 3.62%
Income Change Factor: 1 + 0.0362 1.0362
2. Greater of:
City of Santa Maria Population Change Factor:
2023 109,687
2024 110,608
Change 921
Percentage Change: 921 / 109,687 = 0.84%
Santa Barbara County Population Change Factor
2023 436,302
2024 437,524
Change 1,222
Percentage Change: 1,222 / 436,302 = 0.28%
Population Change Factor: 1 + 0.0084 = 1.0084
Posted for Public on 6/17/2024 EXHIBIT A