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127
<br />2012 2013 2014 2015 2016 2017
<br />58,316,472$ 52,752,858$ 53,892,054$ 57,026,844$ 59,362,917$ 61,802,478$
<br />23,286,667 32,141,667 30,071,667 28,986,667 25,706,667 15,331,667
<br />1,202,093 10,819,006 10,743,409 10,673,852 10,560,614 1,377,746
<br />22,084,574 21,322,661 19,328,258 18,312,815 15,146,053 13,953,921
<br />36,231,898$ 31,430,197$ 34,563,796$ 38,714,029$ 44,216,864$ 47,848,557$
<br />37.87%40.42%35.86%32.11%25.51%22.58%
<br />Legal Debt Margin Calculation for Fiscal Year 2017
<br />Estimated taxable market value 2,060,082,600$
<br />Debt limit (3% of market value)61,802,478$
<br />Debt applicable to limit:
<br /> G.O. capital improvement bonds 8,875,000
<br /> G.O. EDA bonds1 6,456,667
<br /> Less: Cash and investments in related
<br /> debt service funds (1,377,746)
<br /> Total net debt applicable to limit 13,953,921
<br />Legal debt margin 47,848,557$
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