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2017.07.17 CC Packet
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2017.07.17 CC Packet
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7/14/2017 10:42:41 AM
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City Council
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Agenda/Packets
Meeting Date
7/17/2017
Meeting Type
Regular
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Schedule 13 <br />Legal Debt Margin Calculation for the Fiscal Year 2016 <br />Taxable Market Value $ 1,416,731,700 <br />Debt Limit (3% of market value) 42,501,951 <br />Debt applicable to limit: <br />General obligation bonds 1,100,000 <br />Less: Amount set aside for repayment <br />of general obligation debt (542,268) <br />Total net debt applicable to limit 557,732 <br />Legal debt margin $ 41,944,219 <br />2011 2010 2009 2008 2007 <br />$ 39,099 $ 42,332 $ 43,873 $ 43,092 $ 29,411 <br />2,179 2,537 2,891 3,263 3,740 <br />$ 36,920 $ 39,795 $ 40,982 $ 39,829 $ 25,671 <br />5.57% 5.99% 6.59% 7.57% <br />107 <br />12.72% <br />
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