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2019 CAFR
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2019 CAFR
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CITY OF ST. ANTHONY, MINNESOTA <br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT Table 10 <br />As of December 31, 2019 <br />Estimated <br />Estimated Share of <br />Debt Percentage Overlapping <br />Governmental Unit Outstanding Applicable* Debt <br />Debt repaid with property taxes: (1) <br />School Districts: <br />ISD No. 282 $30,205,000 85.7350% $25,896,257 <br />Counties: <br />Hennepin 1,058,135,000 0.3715% 3,930,972 <br />Ramsey 146,685,000 0.4894% 717,876 <br />Other: <br />Metropolitan Council 240,785,000 0.2440% 587,515 <br />Three Rivers Park District 53,385,000 0.5280% 281,873 <br />Subtotal - overlapping debt 31,414,493 <br />City direct debt (2)28,455,000 <br />Total direct and overlapping debt $59,869,493 <br />Sources: (1) Official Statements for City of St. Anthony <br />(2) St. Anthony Finance Department <br />Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This <br />schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents <br />and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term <br />debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not <br />imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government. <br />*For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed <br />property values. Applicable percentages were estimated by determining the portion of another governmental unit's taxable <br />assessed value that is within the City's boundaries and dividing it by each unit's total taxable assessed value. <br />163
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