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C7
<br />~~
<br />~J
<br />•
<br />Debt Ratios
<br />To 1988/1989 Net Assessed Value
<br />Per Capita (106,190 - 1988 Census Bureau Estimate)
<br />1989
<br />Budget
<br />$25,566,967
<br />4,308,099
<br />2,288,340
<br />* Includes outstanding general obligation debt and the South Bend Redevelopment Authority
<br />Lease Rental Revenue Debt for Cove/eski Stadium Project which is tax-supported. Does
<br />not include Lease Rental Revenue Debt for the Parking Faciliiy Project which is being paid
<br />from revenues other than a property tax levy.
<br />Tax Rates in South Bend -Portage (Per $100 of Assessed Value)
<br />1988/89
<br />Debt
<br />1984 85 1985 86 1986 87 1987 88 Total Only
<br />State of Indiana .0100 .0100 .0100 .0100 .0100 -0-
<br />St. Joseph County 2.4312 2.4156 2.3639 2.3304. 2.4917 .1793
<br />Portage Township .1645 .1550 .5627 .7180 .0768 -0-
<br />South Bend School Corp. 4.7036 5.0269 5.2825 5.8177 5.6317 .3377
<br />Library District .4295 .4644 .4952 .5169 .6571 .1670
<br />City of South Bend 5.9464 5.9002 5.9662 6.2989 6.8209 .5676
<br />Transportation/Airport .3687 .4271 .3976 .4223 .3999 .0686
<br />Total 13.7079 14.3992 15.0781 16.1142 16.0881 1.3202
<br />Budget And Tax Levy By Fund: 1989 And 1990
<br />General Fund
<br />Park Department
<br />Street Department/Motor
<br />Vehicle Highway
<br />Liability Insurance
<br />Premium and Reserve
<br />Police and Fire Pension
<br />Cumulative Capital Dev't
<br />Cumulative Capital Imp.
<br />Other
<br />Park Bond
<br />Urban Redevelopment Bond
<br />TIF Bonds
<br />Stadium Bond
<br />Parking Garage Project
<br />Parking Garage Bond
<br />Enterprise Fund
<br />Century Center
<br />Utilities
<br />Total
<br />1988/1989
<br />Tax Lew
<br />$21,164,714
<br />2, 949, 042
<br />-0-
<br />1.49°~
<br />$61
<br />1990
<br />Budget
<br />$27,160,189
<br />5,041,885
<br />2,519,614
<br />G.O. Indirect &
<br />Net Direct Debt*
<br />5.69%
<br />$233
<br />1989/1990
<br />Tax Lew
<br />$21,590,061
<br />3,059,964
<br />-0-
<br />1,293,980 -0- 1,327,788 -0-
<br />5,504,776 2,094,418 5,303,166 3,055,160
<br />473,685 524,041 575,000 524,041
<br />518,577 -0- 704,442 -0-
<br />586,582 576,882 665,395 418,360
<br />541,026 891,307 479,588 276,868
<br />225,000 204,376 215,500 362,462
<br />644,189 -0- 642,565 -0-
<br />1,000,000 1,383,032 1,000,000 879,516
<br />629,131 -0- 668, 341 -0-
<br />463,000 -0- 463,000 -0-
<br />1,578,122
<br />16,644,487
<br />$62,265,961
<br />-0-
<br />-0-
<br />$29,787,812
<br />G.O. Net
<br />Direct Debt*
<br />1,855,418
<br />18,634,190
<br />$67,256,081
<br />-0-
<br />-0-
<br />$30,166,432
<br />-17-
<br />
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