| 1.__Appropriation limit established.__Notwithstanding any |
| other provision of law, a county may not in any fiscal year make |
| an appropriation, including an appropriation to reserves, except |
| as otherwise provided in this section, where such appropriation |
| is funded by an assessment on its member municipalities and where |
| such appropriation would cause the county to exceed its |
| assessment limit for the fiscal year.__A county's assessment |
| limit for any fiscal year must be set at its assessment limit for |
| the prior fiscal year, multiplied by the sum of the following: |
| one; plus the income growth factor set forth in subsection 3; |
| plus the annual property growth factor for its member |
| municipalities.__The annual property growth factor for member |
| municipalities is a fraction whose denominator is the total |
| combined valuation of each member municipality and whose |
| numerator is the total combined increase in the assessed |
| valuation of any real or personal property in each member |
| municipality during the prior fiscal year that may become subject |
| to taxation for the first time, or taxed as a separate parcel for |
| the first time during such fiscal year, or that has had an |
| increase in its assessed valuation over the prior year's |
| valuation as a result of improvements to or expansion of the |
| property. In establishing the property growth factor under this |
| section, the county must rely on the total valuation and |
| increased valuation calculations of each member municipality |
| under section 5721-A, subsection 1 for its most recently |
| concluded fiscal year. |
