Laserfiche WebLink
City of Ramsey <br />Direct and Overlapping Governmental Activities Debt <br />As of December 31, 2012 <br />Governmental Unit <br />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 />Total direct and overlapping debt <br />Estimated <br />Estimated Share of <br />Debt Percentage Overlapping <br />Outstanding Applicable(1) Debt <br />$ 145,945,000 6.42% $ 9,372,734 <br />103,140,572 8.74% 9,014,692 <br />179,690,000 3.85% 6,915,190 <br />168,665,000 0.62% 1,049,265 <br />26,351,881 <br />36,345,000 100.00% 36,345,000 <br />$ 62,696,881 <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 />142 <br />