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1990-12-21 Resolution 29
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1990-12-21 Resolution 29
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7/17/2008 3:05:07 PM
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~ `.~' ~' .. <br />~C <br /> T'TQ <br />i ' <br /> Debt Ratios ~ ~,~,~ <br />- , <br />.. ~ . <br /> <br /> The following schedule presents the ratios relative to the property tax <br /> supported and property-tax secured indebtedness of -the taxing units overlapping <br /> the City of South Bend as of November 28, 1990. <br /> Allocable Total <br /> Direct Debt Portion Direct and <br /> Including of All Other Overlapping <br /> Proposed Tax-.Supported Supported <br /> Issue Debt Debt <br /> $32,547,525 $19,192.302 $51..739.827 <br /> Per capita (1) $306.50. $180.74 $487.24 <br /> Percent of net assessed <br />03 <br />5 <br />97 8.00 <br />2 <br /> valuation (2) . . <br /> Percent of assumed market <br /> value (3) 1.68 .99~ 2.67 <br /> (1) Based upon 1988 census: data, the populati on of the City of South Bend is <br /> estimated at 106,190. <br />. (2) The net assessed valuation of the City of South Bend for taxes payable in <br />' <br /> 1990 is $64b,730,745 according to the St. J s office. <br />oseph County Auditor <br /> (3) Assumes that the net assessed valuation is 33 1/3~ of fair market value. <br />• <br /> -21- <br />
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