|
2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />$ 61,802,478
<br />$ 65,358,630
<br />$ 71,232,177
<br />$ 76,424,256
<br />$ 77,365,870
<br />15,331,667
<br />14,220,000
<br />13,076,667
<br />26,676,667
<br />24,646,667
<br />1,377,746
<br />1,457,117
<br />1,528,399
<br />7,511,416
<br />1,780,459
<br />13,953,921
<br />12,762,883
<br />11,548,268
<br />19,165,251
<br />22,866,208
<br />$ 47,848,557
<br />$ 52,595,747
<br />$ 59,683,909
<br />$ 57,259,005
<br />$ 54,499,662
<br />22.58%
<br />19.53%
<br />16.21%
<br />25.08%
<br />29.56%
<br />Legal Debt Margin Calculation for Fiscal Year 2021
<br />Estimated taxable market value
<br />$ 2,578,862,331
<br />Debt limit (3% of market value) $ 77,365,870
<br />Debt applicable to limit:
<br />G.O. capital improvement bonds 19,580,000
<br />G.O. EDA bonds 5,066,667
<br />Less: Cash and investments in related
<br />debt service funds (1,780,459)
<br />Total net debt applicable to limit 22,866,208
<br />Legal debt margin $ 54,499,662
<br />173
<br />
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