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Table XV
Page 2 of 2
Assessed Value
25,670,533,471
$
Debt Limit (8 % of assessed value)
2,053,642,678 (a)
Debt Applicable to Limit:
Bonds Authorized and Unissued
166,370,000
General Obligation Bonds
141,984,010 (b)
Other Long Term Debt
44,796,831
Less: Amount Set Aside For Repayment
of General Obligation and Other Debt
(13,726,693)
Statutory Deductions: Water Utility
-
Total Net Debt Applicable to Limit
339,424,148
Legal Debt Margin
1,714,218,530
$
2011
2012
2013
2014
2015
2016
1,937,582,819
$
1,956,517,676
$
1,972,878,091
$
2,033,846,894
$
2,021,818,460
$
2,053,642,678
$
408,374,842
386,236,037
379,688,772
389,836,178
371,141,667
339,424,148
1,529,207,977
$
1,570,281,639
$
1,593,189,319
$
1,644,010,716
$
1,650,676,793
$
1,714,218,530
$
78.92%
80.26%
80.75%
80.83%
81.64%
83.47%
Legal Debt Margin Calculation for Fiscal Year 2016
-193-