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CITY OF LINO LAKES, 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 />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% 142.37
<br />1993 11,193 368,367,100 1,526,000 222,111 1,303,889 0.35% 116.49
<br />1994 12,266 435,100,000 1,393,500 142,173 1,251,327 0.29% 102.02
<br />1995 13,097 501,825,800 1,341,000 135,440 1,205,560 0.24% 92.05
<br />1996 13,756 552,696,200 1,378,000 194,807 1,183,193 0.21% 86.01
<br />1997 14,560 627,423,800 1,415,000 111,834 1,303,166 0.21% 89.50
<br />1998 15,053 687,417,400 6,862,734 721,623 6,141,111 0.89% 407.97
<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 />Years 1989 and 1990 reflect tax capacity values. Years 1991 through 1998 reflect tax capacity value based on a different
<br />formula than in previous years.
<br />(3) Amount excludes tax increment, special assessment. enterprise and EDA bonds.
<br />129
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