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City of Ramsey <br /> Direct and Overlapping Governmental Activities Debt <br /> As of December 31, 2021 <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 $ 49,315,000 7.30% $ 3,599,946 <br /> ISD No. 11, Anoka-Hennepin 251,620,000 9.82% 24,704,052 <br /> ISD No. 728, Elk River 302,775,000 3.44% 10,413,946 <br /> Metropolitan Council 193,320,000 0.69% 1,333,908 <br /> Subtotal, overlapping debt 40,051,852 <br /> City of Ramsey direct debt 27,100,714 100.00% 27,100,714 <br /> Total direct and overlapping debt $ 67,152,566 <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 /> 150 <br />