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I
<br /> I
<br /> 2007 200E 2009 2010 2011 2012
<br /> $ 40,258,348 $ 66,024,514 $ 67,527,057 $ 64,126,188 $ 61,599,050 $ 58,316,472
<br /> 17,792,017 18,391,033 17,471,716 18,040,733 17,120,000 23,286,667
<br /> 861,726 1,318,186 1,418,700 1,164,060 1,030,418 1,202,093
<br /> 16,930,291 17,072,847 16,053,016 16,876,673 16,089,582 22,084,574
<br /> $ 23,328,057 $ 48,951,667 $ 51,474,041 $ 47,249,515 $ 45,509,468 $ 36,231,898
<br /> 42.05% 25.86% 23.77% 26.32% 26.12% 37.87%
<br /> Legal Debt Margin Calculation for Fiscal Year 2012
<br /> Estimated taxable market value $ 1,943,882,400
<br /> Debt limit(3%of market value) $ 58,316,472
<br /> Debt applicable to limit:
<br /> G.O.capital improvement bonds 15,990,000
<br /> G.O.EDA bonds 7,296,667
<br /> Less: Cash and investments in related
<br /> debt service funds (1,202,093)
<br /> Total net debt applicable to limit 22,084,574
<br /> Legal debt margin $ 36,231,898
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