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06-02-14 Council Packet
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06-02-14 Council Packet
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10/14/2014 1:51:37 PM
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6/2/2014 8:58:47 AM
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City Council
Council Document Type
Council Packet
Meeting Date
06/02/2014
Council Meeting Type
Work Session Regular
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<br />107 <br />Table 11 (Continued) <br />Legal Debt Margin Calculation for Fiscal Year 2012 <br />Market value 1,519,857,242$ <br />Debt limit (3% of market value)45,595,717 <br />Debt applicable to limit 4,280,000 <br />Legal debt margin 41,315,717$ <br />2008 2009 2010 2011 2012 2013 <br />60,658,830$ 64,036,746$ 60,622,086$ 54,123,645$ 45,595,717$ 45,595,717$ <br />3,804,000 3,642,000 3,386,000 2,961,000 4,280,000 4,280,000 <br />56,854,830$ 60,394,746$ 57,236,086$ 51,162,645$ 41,315,717$ 41,315,717$ <br />6.27%5.69%5.59%5.47%9.39%9.39% <br />Fiscal Year <br /> <br />
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