Page 303 - Keller FY20 Approved Budget

DEBT SERVICE FUND

LEGAL DEBT MARGIN

The State of Texas limits general obligation debt of the City of Keller to a maximum debt service rate of $2.50 for $100 assessed
valuation and administratively the Attorney General of the State of Texas will permit a maximum debt service rate of $1.50 of ad
valorem tax rate for general obligation debt service.
2.50 1.50
FISCAL ASSESSED STATE LEGAL ANNUAL ATTORNEY DEBT PER
YEAR VALUATION MAXIMUM DEBT LEVEL GENERAL CAPITA
2012-13 3,625,220,522 90,630,513 54,378,308 117.21
2013-14 3,697,199,561 92,429,989 55,457,993 118.94
2014-15 3,927,877,533 98,196,938 58,918,163 113.00
2015-16 4,031,288,750 100,782,219 60,469,331 115.06
2016-17 4,475,507,344 111,887,684 67,132,610 117.40
2017-18 4,657,305,710 116,432,643 69,859,586 113.27
2018-19 5,121,689,116 128,042,228 76,825,337 91.52
2019-20 $ 5,301,877,706 $ 132,546,943 $ 79,528,166 $ 95.98

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