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CITY OF RAMSEY, MINNESOTA
<br />RATIO OF NET BONDED DEBT TO ASSESSED VALUE/TAX CAPACITY
<br />AND NET BONDED DEBT PER CAPITA
<br />Last Ten Fiscal Years
<br />Table 9
<br />Ratio of
<br />Less Amounts Net Bonded
<br />Gross Available in Net Debt to Net Bonded
<br />Fiscal Assessed Bonded Debt Service Bonded Assessed Debt Per
<br />Year Population(1) Value Debt(2) Funds(3) Debt Value Capita
<br />1984 10,860 $50,074,271 $5,390,000 $1,944,465 $3,445,535 6.88% $317.27
<br />1985 11,110 $53,301,844 $5,845,000 $2,026,807 $3,818,193 7.16% $343.67
<br />1986 11,395 $54,901,419 $5,340,000 $2,713,314 $2,626,686 4.78% $230.51
<br />1987 11,760 $59,306,145 $7,750,000 $3,175,475 $4,574,525 7.71% $388.99
<br />1988 12,181 $62,238,704 $6,760,000 $3,111,657 $3,648,343 5.86% $299.51
<br />Ratio of
<br />Less Amounts Net Bonded
<br />Gross Available in Net Debt to Net Bonded
<br />Fiscal Tax Bonded Debt Service Bonded Tax Debt Per
<br />Year Population(1) Capacity (4) Debt(2) Funds(3) Debt Capacity vita
<br />1989 12,717 $7,484,976 $6,730,000 $2,485,362 $4,244,638 56.71% $333.78
<br />1990 12,408 $6,222,143 $5,855,000 $1,789,823 $4,065,177 65.33% $327.63
<br />1991 12,940 $6,886,878 $5,105,000 $1,316,945 $3,788,055 55.00% $292.74
<br />1992 13,269 $6,919,514 $6,200,000 $1,026,767 $5,173,233 74.76% $389.87
<br />1993 14,389 $6,701,210 $7,940,000 $3,839,022 $4,100,978 61.20% $285.01
<br />(1) Metropolitan Council estimates, except 1990 which is from the United States Census.
<br />(2) Amount includes Tax Increment and Special Assessment Bonds because general property taxes will be used to pay the
<br />debt on these issues should other revenue sources fail to provide adequate amounts.
<br />(3) Amounts available for repayment of bonded indebtedness in Debt Service Funds.
<br />(4) Beginning with taxes payable in 1989, the State of Minnesota changed from assessed value to tax capacity. In 1990,
<br />the State defined the tax base from "gross tax capacity" to "net tax capacity."
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