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Fiscal Year
<br />2006 2007 2008 2009 2010 2011
<br />$ 38,434,834 $ 43,306,238 $ 68,652,672 $ 71,088,672 $ 65,717,394 $ 59,384,853
<br />19,572,702 20,073,569 19,046,615 17,825,537 16,465,049 12,206,870
<br />$ 18,862,132 $ 23,232,669 $ 49,606,057 $ 53,263,135 $ 49,252,345 $ 47,177,983
<br />50.92% 46.35%
<br />27.74% 25.08%
<br />Legal Debt Margin Calculation for Fiscal Year 2011
<br />Taxable Market value $ 1,979,495,100
<br />Debt limit (3 %* of market value) 59,384,853
<br />Debt applicable to limit:
<br />Total bonded debt $ 30,675,000
<br />Less:
<br />Obligations issued with special assessments
<br />Obligations issued with tax increments
<br />Amounts available in respective Debt Service Funds
<br />Total deductions
<br />25.05% 20.56%
<br />(12,015,000)
<br />(700,000)
<br />(5,753,130)
<br />(18,468,130)
<br />12,206,870
<br />Legal debt margin $ 47,177,983
<br />
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