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Fiscal Year
<br />2018
<br />2019
<br />2020
<br />2021
<br />2022
<br />$ 65,358,630
<br />$ 71,232,177
<br />$ 76,424,256
<br />$ 77,365,870
<br />$ 83,694,616
<br />14,220,000
<br />13,076,667
<br />26,676,667
<br />24,646,667
<br />23,410,000
<br />1,457,117
<br />1,528,399
<br />7,511,416
<br />1,780,459
<br />1,785,970
<br />12,762,883
<br />11,548,268
<br />19,165,251
<br />22,866,208
<br />21,624,030
<br />$ 52,595,747
<br />$ 59,683,909
<br />$ 57,259,005
<br />$ 54,499,662
<br />$ 62,070,586
<br />19.53% 16.21% 25.08% 29.56% 25.84%
<br />Legal Debt Margin Calculation for Fiscal Year 2022
<br />Estimated taxable market value
<br />$ 2,789,820,539
<br />Debt limit (3% of market value)
<br />$ 83,694,616
<br />Debt applicable to limit:
<br />G.O. capital improvement bonds
<br />18,710,000
<br />G.O. EDA bonds'
<br />4,700,000
<br />Less: Cash and investments in related
<br />debt service funds
<br />(1,785,970)
<br />Total net debt applicable to limit
<br />21,624,030
<br />Legal debt margin
<br />$ 62,070,586
<br />Table 14
<br />169
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