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City of South Bend, Indiana
<br />Legal Debt Margin Information
<br />Last Ten Fiscal Years
<br />Fiscal Year
<br />1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
<br />Civil Ci
<br />Debt Limit (1), $12,236,914 $12,383,035 $12,932,652 $12,985,516 $12,992,413 $13,711,844 $18,505,824 $18,496,899 $18,792,699 $18,986,341
<br />Total Net Debt Applicable To Limit 11,715,000 11,530,000 11,150,000 10,750,000 10,330,000 9,882,500 9,412,500 8,937,500 8,395,000 7,367,825
<br />Legal Debt Margin 521,914 853,035 1,782,652 2,235,516 2,662,413 3,829,344 9,093,324 9,559,399 10,397,699 11,618,516
<br />Percentage of Debt Limit 95.73% 93.17% 86.22% 82.78% 79.51% 72.07% 50.86% 48.32% 44.67% 38.81%
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<br />Redevelopment Authority
<br />Debt Limit (1) $12,236,914 $12,383,035 $12,932,652 $12,985,516 $12,992,413 $13,711,844 $18,505,824 $18,496,899 $18,792,699 $18,986,341
<br />Total Net Debt Applicable To Limft 4,310,000 3,855,000 3,380,000 2,880,000 2,355,000 1,810,000 1,235,000 628,000 0 0
<br />Legal Debt Margin 7,926,914 8,528,035 9,552,652 10,105,516 10,637,413 11,901,844 17,270,824 17,868,899 18,792,699 18,986,341
<br />Percentage of Debt Limit 35.22% 31.73% 26.14% 22.18% 18.13% 13.20% 6.67% 3.40% 0.00% 0.00%
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<br />(1) A 2% of net assessed value debt limit has been established by the Constitution of the State of Indiana.
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