Laserfiche WebLink
City of Ramsey <br />Direct and Overlapping Governmental Activities Debt <br />As of December 31, 2022 <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 />Estimated <br />Estimated Share of <br />Debt Percentage Overlapping <br />Outstanding Apr licable(1) Debt <br />$ 48,670,000 7.60% $ 3,698,190 <br />245,055,000 10.15% 24,867,201 <br />288,640,000 3.47% 10,021,292 <br />218,520,000 0.70% 1,539,692 <br />40,126,376 <br />37,106,694 100.00% 37,106,694 <br />Total direct and overlapping debt $ 77,233,070 <br />Sources: Assessed value data used to estimate applicable percentages provided by the County Board of Equali- <br />zation 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 of the city. <br />This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne <br />by the residents and businesses of the City of Ramsey. This process recognizes that, when considering <br />the government's ability to issue and repay long-term debt, the entire debt burden borne by the residents <br />and businesses should be taken into account. However, this does not imply that every taxpayer is a <br />resident, and therefore responsible for repaying the debt, of each overlapping government. <br />(1) The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable <br />percentages were estimated by determining the portion of the county's taxable assessed value that is within <br />the city's boundaries and dividing it by the county's total taxable assessed value. <br />150 <br />