Page 47 - GrapevineFY24 Adopted Budget

Population and net direct debt amount for the periods listed below are as follows:
Year Net Direct Debt Population

2010 $75,596,365 47,045
2011 $68,589,652 47,101
2012 $62,359,082 47,854
2013 $122,903,477 48,751
2014 $114,209,419 49,424
2015 $97,648,222 49,800
2016 $86,254,210 49,867
2017 $82,809,565 50,000
2018 $92,808,409 50,150
2019 $121,671,399 50,300
2020 $109,947,160 50,450
2021 $92,854,029 50,631
2022 $84,819,897 51,998
2023 $76,739,354 52,283

The assessed value of all taxable property is an important measure of the capacity of the tax base
to support present and future revenue needs, particularly in terms of debt obligations. The ratio of
net direct debt as a percentage of net taxable value is relevant for local governments that depend
on property taxes as the primary source of debt service revenues. The City’s 2022 ratio of net
direct debt as a percentage of assessed value is 1.50%.

Year Net Direct Debt Net Taxable Value Ratio

2010 $75,596,365 $5,864,643,146 1.29%
2011 $68,589,652 $5,912,257,208 1.16%
2012 $62,359,082 $6,082,785,223 1.02%
2013 $122,903,477 $6,246,787,751 1.96%
2014 $114,209,419 $6,593,129,832 1.73%
2015 $97,648,222 $6,303,722,379 1.55%
2016 $86,254,210 $7,274,810,676 1.18%
2017 $82,809,564 $8,037,334,886 1.03%
2018 $92,808,409 $8,730,311,903 1.06%
2019 $121,671,399 $9,285,556,518 1.31%
2020 $109,947,160 $9,411,012,077 1.17%
2021 $92,854,029 $10,351,254,676 0.90%
2022 $84,819,897 $10,438,758,327 0.81%
2023 $76,739,354 $12,097,624,015 0.63%

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