APPROPRIATIONS LIMIT OF THE DISTRICT FOR FY 2023-2024
The Board of Directors will consider adopting Resolution No. 2023-08 at is regular meeting on July 19, 2023. The Agency's Appropriations Limit has been calculated at $4,138,347 for fiscal year 2023-2024 pursuant to Article XIIIB of the California Constitution. Proceeds from property taxes for the Agency in 2023 are budgeted to be $330,000. If the proceeds from taxes exceed the Appropriations Limit, the excess, subject to a carry-over calculation, would have to be returned to the taxpayers. This is not the case for FY 2023-24.