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Debt Ratios
<br />G.O. Net G.O. Indirect &
<br />• Direct Debt* Net Direct Debt*
<br />To 1988/1989 Net Assessed Value 1.49% 5.69%
<br />Per Capita (106,190 - 1988 Census Bureau Estimate) $61 $233
<br />* Includes outstanding general obligation debt and the South Bend Redevelopment Authority
<br />Lease Rental Revenue Debt for Coveleski Stadium Project which is tax-supported. Does
<br />not include Lease Rental Revenue Debt for the Parking Facility 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 />•
<br /> Budget And Tax Levy By F und: 1989 And 1990
<br /> 1989 1 988/ 1989 1990 1989/ 1990
<br /> Bud et Tax Lew Budget Tax Lew
<br /> General Fund $25,566,967 $21,164,714 $27,160,189 $21,590,061
<br /> Park Department 4,308,099 2,949,042 5,041,885. 3,059,964
<br /> Street Department/Motor
<br /> Vehicle Highway 2,288,340 -0- 2,519,614 -0-
<br /> Liability Insurance
<br /> .Premium and Reserve 1,293,980 -0- 1,327,788 -0-
<br /> Police and Fire Pension 5,504,776 2,094,418 5,303,166 3,055,160
<br /> Cumulative Capital Dev't 473,685 524,041 575,000 524,041
<br /> Cumulative Capital Imp. 518,577 -0- 704,442 -0-
<br /> Other 586,582 576,882 665,395 418,360
<br /> Park Bond 541,026 891,307 479,588 276,868
<br /> Urban Redevelopment Bond 225,000 204,376 215,500 362,462
<br /> TIF Bonds 644,189 -0- 642,565 -0-
<br /> Stadium Bond 1,000,000 1,383,032 1,000,000 879,516
<br /> Parking Garage Project 629,131 -0- 668,341 -0-
<br /> Parking Garage Bond 463,000 -0- 463,000 -0-
<br /> Enterprise Fund
<br /> Century Center 1,578,122 -0- 1,855,418 -0-
<br /> Utilities 16.644.487 -0- 18.634
<br />190 -0-
<br />• T
<br />t
<br />l .
<br /> o
<br />a $62,265,961 $29,787,812 $67,256,081 $30,166,432
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