Laserfiche WebLink
City of Ramsey <br /> Direct and Overlapping Governmental Activities Debt <br /> As of December 31, 2015 <br /> Estimated <br /> Estimated Share of <br /> Debt Percentage Overlapping <br /> Governmental Unit Outstanding Applicable(1) Debt <br /> Debt repaid with property taxes: <br /> Anoka County $ 118,321,284 7.30% $ 8,637,608 <br /> ISD No. 11, Anoka-Hennepin 58,620,000 9.83% 5,760,659 <br /> ISD No. 728, Elk River 287,380,000 3.49% 10,019,913 <br /> Metropolitan Council 1,009,703 0.67% 6,767 <br /> Subtotal, overlapping debt 24,424,947 <br /> City of Ramsey direct debt 28,370,000 100.00% 28,370,000 <br /> Total direct and overlapping debt $ 52,794,947 <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 />