07/24/2006 Council Packet - Laserfiche WebLink

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Debt Ratios G.O. Net Direct Debt* G.O. Indirect & Net Direct Debt To 2005 Indicated Market Value ($2,125,476,132) 0.86% 3.27% Per Capita (18,725 -2004 Metropolitan Council estimate) $979 $3,712 Excludes general obligation debt supported by revenues and includes installment contract and lease obligations. CITY TAX RATES, LEVIES AND COLLECTIONS Tax Capacity Rates For a City Resident in Independent School District 12 2005/06 For 2001/02 2002/03 2003/04 2004/05 Total Debt Only Anoka County(a) 37.976% 38.469% 35.765% 33.581% 32.543% 3.899% City of Lino Lakes 53.084 47.603 42.287 42.223 41.398 4.804 School Districts(b) 37.828 37.467 36.649 37.486 40.253 31.773 Special Districts(c) 5.913 6.295 5.829 6.195 6.032 1.809 Total 134.801% 129.834% 120.530% 119.485% 120.226% 42.285% (a) Includes Anoka County Library and County /City Radio. (b) School districts include Independent School District No. 12 (Centennial) and Northeast Metropolitan Intermediate District No. 916. Independent School District No. 12 (Centennial) also has a 2005/06 tax rate of 0.15810% spread on the market value of property in support of an excess operating levy. Special districts include Metropolitan Council, Metropolitan Transit District, Metropolitan Mosquito Control, Rice Creek Watershed, and Anoka County Railroad Authority. (c) NOTE: Taxes are determined by multiplying the net tax capacity by the tax capacity rate expressed as a percentage. (See Appendix Ill.) Tax Levies and Collections Collected During Collected Net Collection Year As of 12 -31 -05 Levy /Collect Levy* Amount Percent Amount Percent 2005/06 $7,694,442 (In Process of Collection) 2004/05 6,954,239 $6,867,803 98.8% $6,867,803 98.8% 2003/04 6,200,404 6,139,224 99.0 6,176,758 99.6 2002/03 5,735,745 5,658,922 98.7 5,729,636 99.9 2001/02 5,471,180 5,413,025 98.9 5,467,959 99.9 The net levy excludes state aid for property tax relief and fiscal disparities, if applicable. The net levy is the basis for computing tax capacity rates. See Appendix Ill.