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Debt repaid with property taxes: <br />Anoka County <br />ISD No. 11, Anoka - Hennepin <br />ISD No. 728, Elk River <br />Metropolitan Council <br />Subtotal, overlapping debt <br />City of Ramsey direct debt <br />City of Ramsey <br />Direct and Overlapping Governmental Activities Debt <br />As of December 31, 2006 <br />Governmental Unit <br />Estimated <br />Estimated Share of <br />Debt Percentage overlapping <br />Outstanding Applicable(1) Debt <br />$ 75, 724 771 6.15% $ 4 073 <br />158 802, 866 7.10% 11 003 <br />206, 333, 789 4.04% 8 335 885 <br />10 0.59% 62 <br />24 , 330 , 518 <br />32.252.000 . 100.00% 32,252 <br />Total direct and overlapping debt $ 56 <br />Sources: Assessed value data used to estimate applicable percentages provided by the County Board <br />of Equalization and Assessment. Debt outstanding data provided by the county. <br />Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries <br />of the city. This schedule estimates the portion of the outstanding debt of those overlapping <br />governments that is borne by the residents and businesses of the City of Ramsey. This process <br />recognizes that, when considering the government'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. <br />However, this does not imply that every taxpayer is a resident, and therefore responsible for <br />repaying the debt, of each overlapping government. <br />(1) The percentage of overlapping debt applicable is estimated using taxable assessed property values. <br />Applicable percentages were estimated by determining the portion of the county's taxable assessed <br />value that is within the city's boundaries and dividing it by the county's total taxable <br />assessed value. <br />