|
' CITY OF RAMSEY, MINNESOTA Table 9
<br />' RATIO OF NET BONDED DEBT TO ASSESSED VALUE/TAX CAPACITY
<br />AND NET BONDED DEBT PER CAPITA
<br />Last Ten Fiscal Years
<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(11 Valu De t 2 and ~e ~ Value a ita
<br />
<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 />~~ Population(Il Capacity (41 Debt(21 Fund, ~I a i a i
<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 14,081 6,701,210 7,940,000 3,839,022 4,100,978 61.20% 291.24
<br />1994. 14,907 7,049,254 7,490,000 3,904,797 3,585,203 50.86% 240.50
<br />1995 16,388 7,570,986 8,160,000 4,820,572 3,339,428 44.11% 203.77
<br />1996 17,000 $ 8,730,220 $ 5,530,000 $ 315,815 $ 5,214,185 59.73% $ 306.72
<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 />-108-
<br />
|