DEBT LIMIT 2021-22 Budget Year The aggregate indebtedness of the District may not exceed 5% of the equalized value of the taxable property located in the District per s.67.03(1), Wis. Stats. For FY22, the projected computation of legal debt margin is as follows:
$
FY21 Equalized Valuation Projected Change in Valuation
x 104.5%
FY22 Projected Equalized Valuation
29,177,265,837
Debt Limit Percent
x 5%
Debt Limit Gross Indebtedness Applicable to Debt Limit
27,920,828,552
1,458,863,292 $
Less Projected Assets Available
72,130,000 5,349,555
Total Amount of Debt Applicable to Debt Limit Legal Debt Margin
66,780,445 $
1,392,082,847
$
29,177,265,837
The bonded indebtedness of the District may not exceed 2% of the equalized value of the taxable property located in the District per s.67.03(1), Wis. Stats. For FY21, the projected computation of legal debt margin is as follows: FY22 Projected Equalized Valuation Debt Limit Percent
x 2.0%
Debt Limit
583,545,317
Gross Indebtedness Applicable to Debt Limit Less Projected Assets Available Total Amount of Debt Applicable to Debt Limit Legal Debt Margin
$
583,545,317
39