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~ ~ ~. " ~ .' <br />z ;~ <br />~.~; .. .. <br />Debt Ratios <br />DEC.. ~. ~ tg~ <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 />X32.547.525 519.192,302 551.739,827 <br />Per capita (1) $306.50 $180.74 $487.24 <br />Percent of .net assessed <br />valuation (2) 5.03 2.97$ 8.00 <br />Percent of assumed market <br />value (3) 1.68 .99~ 2.67 <br />(1) Based upon 1988 census data, the population 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 payaole in <br />1990 is $646,730,745 according to the St. Joseph County Auditor's office. <br />(3) Assumes that the net assessed valuation is 33 1/3~ of fair market value. <br />-21- <br />