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CITY OF LINO LADS, MINNESOTA
<br />RATIO OF NET BONDED DEBT
<br />TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
<br />Last Ten Fiscal Years
<br />(Unaudited)
<br />Table 8
<br />.— Ratio of
<br />Assessed Value Less Net Bonded
<br />After Fiscal Gross Cash and Debt to Net
<br />Disparities and Bonded Investments Net Assessed Bonded Debt
<br />Year Population (1) Tax Increment (2) Debt (3) on Hand Bonded Debt Value Per Capita
<br />1986 6,766 S142,111,400 S72,500 ($6,790) 879,290 0.06% 11.72
<br />... 1987 7,110 164,159,400 115,500 728 114,772 0.07% 16.14
<br />1988 7,600 187,826,200 (1,251) 1,251 0.00% 0.16
<br />—
<br />1989 8,235 231,211,700 300,000 (11,475) 311,475 0.13% 37.82
<br />1990 8,807 264,013,200 1,630,000 58,685 1,571,315 0.60% 178.42
<br />1991 9,273 290,466,200 1,591,000 105,537 1,485,463 0.51% 160.19
<br />1992 10,056 320,714,400 1,553,500 121,842 1,431,658 0.45% 14237
<br />1993 11,193 368,367,100 1,526,000 222,111 1,303,889 035% 116.49
<br />1994 12,266 435,100,000 1,393,500 142,173 1,251,327 029°/. 102.02
<br />1995 12,266 501,825,800 1,341,000 135,440 1,205,560 0.24% 98.28
<br />(1) Population estimates provided from Metropolitan Council except for 1990 which reflects the federal census.
<br />(2) The State of Minnesota changed the method of calculating property taxes effective for taxes payable in 1988 and again in 1991.
<br />Year 1987 reflects assessed valuations. Years 1988, 1989 and 1990 reflect tax capacity values. Years 1991 through 1995 reflect tax capacity value
<br />based on a different formula than in previous years.
<br />(3) Amount excludes tax increment, special assessment, enterprise and EDA bonds.
<br />Impr
<br />Vow
<br />119
<br />
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