Page 128 - CityofMansfieldFY23Budget
P. 128
Legal Debt Limit (15% of Assessed Value)
- General Obligation Bonds and Certificates of Obligation
= Legal Debt Margin
The Assessed Taxable Valuation in FY 2022-2023 is $8,119,857,531
The Legal Debt Limit (15%) is $1,217,978,630
General Obligation Bonds and Certificates of Obligation is $147,185,000
The Legal Debt Margin is $1,070,793,630
CITY OF MANSFIELD, TEXAS
GENERAL FUND
SCHEDULE OF DEBT PAYMENTS
Fiscal Year Principal Interest Total
2023 10,615,000 5,462,671 16,077,671
2024 11,005,000 5,066,836 16,071,836
2025 10,565,000 4,630,910 15,195,910
2026 9,860,000 4,195,286 14,055,286
2027 9,770,000 3,782,769 13,552,769
2028-2032 35,425,000 11,328,065 46,753,065
2033-2037 46,320,000 7,099,528 53,419,528
2038-2042 13,625,000 734,143 14,359,143
Total $ 147,185,000 $ 42,300,208 $ 189,485,208
126
