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Fiscal Assessed
<br />Year Population(11 Value
<br />1986
<br />1987
<br />1988
<br />Fiscal
<br />Year
<br />1989
<br />1990
<br />1991
<br />1992
<br />1993
<br />1994
<br />1995
<br />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 />11,395
<br />11,760
<br />12,181
<br />Population(1)
<br />12,717
<br />12,408
<br />12,940
<br />13,269
<br />14,081
<br />14,907
<br />16,388
<br />$ 54,901,419 $ 5,340,000
<br />59,306,145 7,750,000
<br />$ 62,238,704 $ 6,760,000
<br />Gross
<br />Tax Bonded
<br />Capacity (41 Debt(2)
<br />$ 7,484,976 $ 6,730,000
<br />6,222,143 5,855,000
<br />6,886,878 5,105,000
<br />6,919,514 6,200,000
<br />6,701,210 7,940,000
<br />7,049,254 7,490,000
<br />$ 7,570,986 $ 8,160,000
<br />Ratio of
<br />Less Amounts Net Bonded
<br />Gross Available in Net Debt to Net Bonded
<br />Bonded Debt Service Bonded Assessed Debt Per
<br />Debt(2) Funds(31 De Value Capita
<br />(1) Metropolitan Council estimates, except 1990 which is from the United States Census and beginning with 1993
<br />staff estimates utilized.
<br />(2) Amount includes Tax Increment and Special Assessment Bonds because general property taxes will be used
<br />to pay the 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.
<br />In 1990, the State defined the tax base from "gross tax capacity" to "net tax capacity."
<br />$ 2,713,314 $ 2,626,686
<br />3,175,475 4,574,525
<br />$ 3,111,657 $ 3,648,343
<br />4.78% $ 230.51
<br />7.71% 388.99
<br />5.86% $ 299.51
<br />Ratio of
<br />Less Amounts Net Bonded
<br />Available in Net Debt to Net Bonded
<br />Debt Service Bonded Tax Debt Per
<br />Funds(3) Debt Capacity Cap_ila
<br />$ 2,485,362 $ 4,244,638 56.71% $ 333.78
<br />1,789,823 4,065,177 65.33% 327.63
<br />1,316,945 3,788,055 55.00% 292.74
<br />1,026,767 5,173,233 74.76% 389.87
<br />3,839,022 4,100,978 61.20% 291.24
<br />3,904,797 3,585,203 50.86% 240.50
<br />$ 4,820,572 $ 3,339,428 44.11% $ 203.77
<br />Table 9
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