Responsible City Government
Status Indicators: Proceeding as Anticipated | Monitoring Progress | Reviewing for Improvement | Information Unavailable
Proceeding as Anticipated
Reviewing for Improvement
Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the Fiscal Year. The City’s Fiscal Year runs from October 1st – September 30th and is denoted by FY. CY denotes Calendar Year.
The net bonded debt per capita was $1,336 which is calculated by the net bonded debt of $164,853,295/the estimated population of 118,457.
The ratio of net bonded debt to assessed value was 0.95% which is calculated by the net bonded debt of $164,853,295/the assessed value of $16,587,035,748.
This measure is the dollars of net bonded debt per capita and net bonded debt as a percent of taxable value of property. The FY 2018 results reported include the assessed value from the annexed areas.
Net bonded debt per capita represents the total outstanding debt secured by property taxes, net of debt service funds and self-supporting debt, divided by the city's population.
Per Capita: (Net bonded debt/population)
Debt to Value: (Net bonded debt/taxable property value)
The target is <$2,400 per capita and 1.5% Debt to the Taxable Value of Property.
This target reflects five year projections of debt issuances, population, and valuation.
The City wants to ensure the responsible use of debt. By managing this ratio the City can ensure its ability to keep taxes low for residents.