Page 291 - FY 24 Budget Forecast at Adoption.xlsx

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
ATTORNEY
STATE LEGAL GENERAL
ANNUAL ANNUAL
S
A
FISCAL SESSED MAXIMUM DEBT PER
MAXIMUM
YEAR VALUATION DEBT LEVEL DEBT LEVEL CAPITA
2015-16 4,475,507,344 111,887,684 67,132,610 115.06
2016-17 4,657,305,710 116,432,643 69,859,586 117.62
2017-18 5,121,689,116 128,042,228 76,825,337 111.62
2018-19 5,301,877,706 132,546,943 79,528,166 91.52
2019-20 5,171,412,567 129,285,314 77,571,189 81.21
2020-21 5,128,903,941 128,222,599 76,933,559 80.11
2021-22 5,646,152,868 141,153,822 84,692,293 71.59
2022-23 6,346,418,859 158,660,471 95,196,283 86.77
2023-24 $6,409,883,048 $160,247,076 $ 96,148,246 $82.31

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