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<br />177
<br />Table 14
<br />2020 2021 2022 2023 2024
<br />76,424,256$ 77,365,870$ 83,694,616$ 102,445,330$ 114,793,008$
<br />26,676,667 24,646,667 23,410,000 21,523,333 20,245,000
<br />7,511,416 1,780,459 1,785,970 1,682,530 1,809,881
<br />19,165,251 22,866,208 21,624,030 19,840,803 18,435,119
<br />57,259,005$ 54,499,662$ 62,070,586$ 82,604,527$ 96,357,889$
<br />25.08%29.56%25.84%19.37%16.06%
<br />Legal Debt Margin Calculation for Fiscal Year 2023
<br />Estimated taxable market value $3,826,433,595
<br />Debt limit (3% of market value)$114,793,008
<br />Debt applicable to limit:
<br /> G.O. capital improvement bonds 16,305,000
<br /> G.O. EDA bonds1 3,940,000
<br /> Less: Cash and investments in related
<br /> debt service funds (1,809,881)
<br /> Total net debt applicable to limit 18,435,119
<br />Legal debt margin 96,357,889$
<br />Fiscal Year
<br />
<br />Page 367 of 637
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