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CITY OF SOUTH BEND, INDIANA
<br />RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
<br />LAST TEN YEARS
<br />N
<br />Tax Year/
<br />CollectionYear
<br />Assessed
<br />Population (1) Value
<br />Gross
<br />Bonded Debt
<br />Debt Service
<br />Monies
<br />Available
<br />Net
<br />Bonded Debt
<br />Percent of Net
<br />Bonded Debt Net
<br />To Assessed Bonded Debt
<br />Value Per Capita
<br />1996/1997 102,100 611,845,695 4,530,000 220,000 4,310,000 0.70% 42.21
<br />1997/1998 102,100 619,151,749 4,085,000 230,000 3,855,000 0.62% 37.76
<br />1998/1999 99,417 625,807,646 3,620,000 240,000 3,380,000 0.54% 34.00
<br />1999/2000 107,789 646,632,596 3,135,000 255,000 2,880,000 0.45% 26.72
<br />2000/2001 107,789 649,275,809 2,620,000 265,000 2,355,000 0.36% 21.85
<br />2001/2002 106,558 1,948,862,000 (2) 2,085,000 275,000 1,810,000 0.09% 16.99
<br />2002/2003 106,558 2,968,102,614 (2) 1,525,000 290,000 1,235,000 0.04% 11.59
<br />2003/2004 105,494 2,807,850,346 (2) 935,000 305,000 630,000 0.02% 5.97
<br />2004/2005 105,494 2,818,940,818 (2) 320,000 320,000 0 0.00% 0.00
<br />2006/2007 105,494 2,835,265,890 (2) 0 0 0 0.00% 0.00
<br />(1) Population statistics obtained from the U.S. Census Bureau (http:/quickfacts.census.gov). Most recent estimate was for 2003.
<br />(2) The 2001 pay 2002 tax rates were converted by current state legislation from 33% to 100% of assessed valuation.
<br />This conversion will have no affect on total dollars. Assessed values will increase and tax rates will decrease.
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