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City of Ramsey <br />Direct and Overlapping Governmental Activities Debt <br />As of December 31, 2025 <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 $ 53,310,000 7.95% $ 4,239,733 <br />ISD No. 11, Anoka -Hennepin 223,625,000 10.63% 23,772,355 <br />ISD No. 728, Elk River 280,715,000 3.17% 8,899,473 <br />Metropolitan Council 202,510,308 0.78% 1,574,621 <br />Subtotal, overlapping debt 38,486,183 <br />City of Ramsey direct debt 36,785,740 <br />100.00% 36,785,740 <br />Total direct and overlapping debt $ 75,271,923 <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 />152 <br />