Laserfiche WebLink
CITY OF LITTLE CANADA, MINNESOTA DIRECT AND OVERLAPPING DEBT DECEMBER 31, 2017 (104) Estimated ShareGross Bonded of Overlapping Debt DebtDirect Debt:City of Little Canada 6,695,000$ 100.00 % 6,695,000$ ISD No. 623 (Roseville) 36,610,000 14.52 5,315,778 ISD No. 624 (White Bear Lake) 79,155,000 1.05 831,146 Ramsey County 169,790,000 1.92 3,259,876 Metropolitan Council 186,185,000 0.28 521,273 9,928,073 16,623,073$ (1)Note:Source 1:Source 2:PercentageEstimatedThe percentage of overlapping debt applicable is estimated using taxable assessed propertyvalues. Applicable percentages were estimated by determining the portion of the county’staxable assessed value that is within the government’s boundaries and dividing it by thecounty’s total taxable assessed value.Governmental Unit ApplicableOverlapping Debt:School Districts:Total Overlapping DebtTotal Direct and Overlapping DebtOverlapping governments are those that coincide, at least in part, with the geographicboundaries of the City. This schedule estimates the portion of the outstanding debt of thoseoverlapping governments that is borne by the residents and businesses of the City. Thisprocess recognizes that, when considering the government’s ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken intoaccount. However, this does not imply that every taxpayer is a resident and, therefore,responsible for repaying the debt of each overlapping government. Ramsey CountyAssessed value data used to estimate applicable percentages provided by the County Boardof Equalization and Assessment. Debt outstanding data provided by the county.